Proposition Prop. 3 - The constitutional amendment authorizing the issuance of $750 million in state general obligation or revenue bonds to assist school districts in partially financing facilities, authorizing the state to forgive payments of loans made to a school district for partially financing facilities, and repealing the authorization for $750 million in state revenue bonds guaranteed by the permanent university fund.
Outcome: Defeated
Election date: 05/01/1993
Votes for: 869,014
Votes against: 1,099,828
Enabling legislation
SB 131 (73 R.S.) Relating to facilities equalization for public schools.
Articles affected
Article 7 :
Amends
§5
(b)
Analyses of proposed amendments:
House Research Organization Amendments Proposed for the May 1, 1993 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the May 1, 1993 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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