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HJR 9, 61st Regular Session
Relating to proposing a constitutional amendment broadening the powers of the Texas Water Development Board, increasing the authorized amount of Texas Water Development Bonds, providing for the deposit of bond sale proceeds, providing for a new interest rate limitation on all Texas Water Development Bonds, etc.

Proposition Prop. 2 - The constitutional amendment broadening the powers of the Texas Water Development Board and the purposes of the Texas Water Development Fund; eliminating the interest limitations on Texas Water Development Bonds; raising the authorized amount of Texas Water Development Bonds by $3,500,000,000; extending the maturity schedule on Texas Water Development Bonds; eliminating the procedures for curtailment and the curtailment date of financial assistance to be provided by the Texas Water Development Board.

Outcome: Defeated

Election date: 08/05/1969

Votes for: 309,516
Votes against: 315,793

Enabling legislation
SB 242 (61 R.S.) Relating to amending Statutes relating to Texas Water Development Fund, eliminating 4% interest rate, amount of bonds sold in 6 months period and extending the maximum maturity period.

Articles affected Article 3 : Adds §49-d-1   

Analyses of proposed amendments:
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the August 5, 1969 election.

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