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SJR 6, 56th Regular Session
Proposing an amendment increasing to three and one half per cent (3 1/2%) the maximum permissible interest rate on all bonds hereafter issued by the Board.

Proposition Prop. 2 - For the Amendment to Section 49-b of Article III of the Constitution of Texas by adding thereto a provision authorizing the Veterans' Land Board to issue the bonds authorized under such Section to bear interest at a rate or rates not to exceed three and one-half percent (3½%) per annum.

Outcome: Adopted

Election date: 11/08/1960

Votes for: 833,095
Votes against: 450,915

Articles affected Article 3 : Amends §49-b   

Analyses of proposed amendments:
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 8, 1960 election.
University of Texas at Austin Amendments Proposed for the November 8, 1960 election.

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