Texas voters this fall will be able to decide whether to give counties authorization to use bonds for transportation work in certain areas. Limitations would be included.
The Texas Legislature acted earlier this year to approve HJR99 to add the bond question to the Nov. 2 ballot. Any effort to amend the state’s constitution requires a two-thirds supermajority vote for consideration on a ballot.
Texas statute already authorizes an incorporated city or town to issue bonds or notes to finance development of “an unproductive, underdeveloped, or blighted area.” Localities can increase property tax revenue in the area to repay the bonds.
The legislatively referred constitutional amendment, Proposition 2, would add counties to the political entities authorized to issue bonds or notes for the same purpose.