Proposition Prop. 13 - To set a six percent (6%) weighted average annual interest rate for bonds issued pursuant to constitutional authority presently having a specified interest ceiling.
Outcome: Adopted
Election date: 11/07/1972
Votes for: 1,359,239
Votes against: 1,017,158
Articles affected
Article 3 :
Amends
§65
Analyses of proposed amendments:
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 7, 1972 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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