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SJR 6, 67th 2nd C.S.
Proposing a constitutional amendment relating to the maximum interest rate allowed on state general obligation bonds.

Proposition Prop. 6 - The constitutional amendment increasing the maximum interest rate allowed on state general obligation bonds to a wighted average annual interest rate of 12%.

Outcome: Adopted

Election date: 11/02/1982

Votes for: 1,263,986
Votes against: 831,382

Enabling legislation No enabling legislation required.

Articles affected Article 3 : Amends §65   

Analyses of proposed amendments:
House Research Organization Amendments Proposed for the November 2, 1982 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 2, 1982 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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