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Proposition Prop. 2 - The constitutional amendment providing for the issuance of $500 million in general obligation bonds to finance educational loans to students and authorizing bond enhancement agreements with respect to general obligation bonds issued for that purpose.

Outcome: Adopted

Election date: 11/06/2007

Votes for: 718,282
Votes against: 372,659

Enabling legislation
SB 1640 (80 R.S.) Relating to the student loan program administered by the Texas Higher Education Coordinating Board and to the exemption from fees and tuition of certain persons at institutions of higher education; authorizing the issuance of bonds.

Articles affected Article 3 : Adds §50b-6    Adds §50b-6A   

Analyses of proposed amendments:
House Research Organization Amendments Proposed for the November 6, 2007 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 6, 2007 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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