Texas The Texas Constitution

§ 3.49 — STATE DEBTS

CN § 3.49

Statute text

(a)No debt shall be created by or on behalf of the State, except:

(1)to supply casual deficiencies of revenue, not to exceed in the aggregate at any one time two hundred thousand dollars;

(2)to repel invasion, suppress insurrection, or defend the State in war;

(3)as otherwise authorized by this constitution; or

(4)as authorized by Subsections (b) through (f) of this section.

(b)The legislature, by joint resolution approved by at least two-thirds of the members of each house, may from time to time call an election and submit to the eligible voters of this State one or more propositions that, if approved by a majority of those voting on the question, authorize the legislature to create State debt for the purposes and subject to the limitations stated in the applicable proposition. Each election and proposition must conform to the requirements of Subsections (c) and (d) of this section.

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