Proposition Prop. 13 - The constitutional amendment providing for the issuance of general obligation bonds not to exceed $300,000,000 to continue existing programs to provide educational loans to students, with repayments of student loans applied toward the retirement of the bonds.

Outcome: Adopted

Election date: 11/05/1991

Votes for: 1,259,427
Votes against: 677,831

Enabling legislation
SB 20 (72 2nd C.S.) Relating to the student loan program administered by the Texas Higher Education Coordinating Board and to the management of funds received by the board; and authorizing the issuance of bonds.

Articles affected Article 3 : Adds §50b-3   

Analyses of proposed amendments:
House Research Organization Amendments Proposed for the November 5, 1991 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 5, 1991 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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