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Proposition Prop. 1 - The constitutional amendment providing for the issuance of $300 million in general obligation bonds to finance educational loans to students.

Outcome: Adopted

Election date: 11/07/1995

Votes for: 474,502
Votes against: 259,088

Enabling legislation
HB 686 (74 R.S.) Relating to the student loan program administered by the Texas Higher Education Coordinating Board; authorizing the issuance of bonds.

Articles affected Article 3 : Adds §50b-4   

Analyses of proposed amendments:
House Research Organization Amendments Proposed for the November 7, 1995 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 7, 1995 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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