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HJR 82, 62nd R.S.

Proposing an amendment to set an amount not to exceed 6% on rates of interest to be borne by bonds issued pursuant to constitutional authority.

Proposition Prop. 13 - To set a six percent (6%) weighted average annual interest rate for bonds issued pursuant to constitutional authority presently having a specified interest ceiling.

Outcome: Adopted

Election date: 11/07/1972

Votes for: 1,359,239
Votes against: 1,017,158

Articles affected Article 3 : Amends §65

Analyses of proposed amendments:
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 7, 1972 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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