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SJR 21, 79th R.S.
Proposing a constitutional amendment authorizing the legislature to define rates of interest for commercial loans.

Proposition Prop. 5 - The constitutional amendment allowing the legislature to define rates of interest for commercial loans.

Outcome: Defeated

Election date: 11/08/2005

Votes for: 880,379
Votes against: 1,147,628

Enabling legislation No enabling legislation required.

Articles affected Article 16 : Amends §11   

Analyses of proposed amendments:
House Research Organization Amendments Proposed for the November 8, 2005 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 8, 2005 election.

Effective dates
Unless otherwise specified, an amendment takes effect as part of the constitution on the date of the official canvass of election returns showing adoption of the amendment.


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