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SJR 9, 73rd R.S.
Proposing a constitutional amendment authorizing the legislature to provide for the issuance of bonds for the state financing of start-up costs for historically underutilized businesses.

Proposition Prop. 1 - The constitutional amendment authorizing the legislature to provide for the issuance of $50 million of general obligation bonds for the recovery and further development of the state's economy and for increasing job opportunities and other benefits for Texas residents through state financing of the start-up costs of historically underutilized businesses.

Outcome: Defeated

Election date: 11/02/1993

Votes for: 332,248
Votes against: 767,543

Enabling legislation
SB 225 (73 R.S.) Relating to a capital growth and start-up fund for historically underutilized businesses; providing for the issuance of bonds.

Articles affected Article 16 : Adds §72   

Analyses of proposed amendments:
House Research Organization Amendments Proposed for the November 2, 1993 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 2, 1993 election.

Effective dates
Unless otherwise specified, an amendment takes effect as part of the constitution on the date of the official canvass of election returns showing adoption of the amendment.


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