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Measure Details

Educational Loans to College and University Students

Texas Ballot Measure - Proposition 2

Election: General Nov. 1, 2007 (General)
Outcome: Passed

Categories:
Higher Education
Constitution
Government Budget and Spending

Yes
713,019
(65.85%)

Argument For

No
369,738
(34.15%)

Argument Against

Summary

SJR 57 would authorize the legislature to permit the Texas Higher Education Coordinating Board to issue up to $500 million in general obligation bonds to finance educational loans to college and university students, and to enter into bond enhancement agreements.

Measure Text

The constitutional amendment providing for the issuance of $500 million in general obligation bonds to finance educational loans to students and authorizing bond enhancement agreements with respect to general obligation bonds issued for that purpose.

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