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January 29, 1999
The State and Local Affairs Committee reports a favorable recommendation on S.J.R. 5, RESOLUTION AMENDING STATE AND LOCAL GOVERNMENT PROVISIONS, by Senator H. Nielson, with the following amendments:
1. Page 10, Lines 286 - 296: Delete lines 286 through 296 and insert:
" Article XIV, Section 3 [Certain debt of counties, cities, towns, school districts, and other political subdivisions not to exceed revenue -- Exception.]
No debt issued by a county, city, town, school district, or other political subdivision of the State and directly payable from and secured by ad valorem property taxes levied by the issuer of the debt may be created in excess of the taxes for the current year [
2. Page 7, Line 196: After "shall" delete ",as prescribed by statute,"
R. Mont Evans
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