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: DefeatedElection date: 08/05/1969
Votes for: 309,516
Votes against: 315,793
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.
Article 3 :
Analyses of proposed amendments:
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the August 5, 1969 election.
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