Highway Improvement Bonds

Texas Ballot Measure - Proposition 12

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

Yes: 665308  (62.61%) Argument For
No: 397293  (37.39%) Argument Against

Categories:

Summary

SJR 64 would authorize the Texas Transportation Commission to issue up to $5 billion in general obligation bonds for highway improvement projects, the proceeds of which will be used to pay for projects, costs, and payments owed under related credit agreements.

Measure Text

The constitutional amendment providing for the issuance of general obligation bonds by the Texas Transportation Commission in an amount not to exceed $5 billion to provide funding for highway improvement projects.

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