Tex. Const. art. III, § 50-d · Article 3. LEGISLATIVE DEPARTMENT
AGRICULTURAL WATER CONSERVATION FUND.
Text — Current through the amendments approved by voters in November 2025
(a) On a two-thirds vote of the members elected to each house of the legislature, the Texas Water Development Board may issue and sell Texas agricultural water conservation bonds in an amount not to exceed $200 million.
(b) The proceeds from the sale of Texas agricultural water conservation bonds shall be deposited in a fund created in the state treasury to be known as the agricultural water conservation fund.
(c) Texas agricultural water conservation bonds are general obligations of the State of Texas. During the time that Texas agricultural water conservation bonds or any interest on those bonds is outstanding or unpaid, there is appropriated out of the first money coming into the state treasury in each fiscal year, not otherwise appropriated by this constitution, an amount that is sufficient to pay the principal of and interest on those bonds that mature or become due during that fiscal year.
(d) The terms, conditions, provisions, and procedures for issuance and sale and management of proceeds of Texas agricultural water conservation bonds shall be provided by law.
(e) (Repealed.)
Notes and commentary — not constitutional text
History
(Added Nov. 5, 1985; Subsec. (e) repealed Nov. 7, 1989; Subsec. (c) amended Nov. 4, 1997.)
Source of truth
- Edition
- Current through the amendments approved by voters in November 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/CN/htm/CN.3.htm
- Text hash
- sha256 8db6bccd50e723d54235ff3e7edb0e9e90fb3329f7a567c17a7aa4aca54ee913
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 4 provisions
Provisions in this library whose text cites Tex. Const. art. III, § 50-d. Each shows the citation as that text prints it.
Water Code
- Tex. Water Code § 15.502FUND.Printed as Section 50-d, Article III, Texas Constitution
- Tex. Water Code § 17.871DEFINITIONS.Printed as Article III, Section 50-d, of the Texas Constitution | Section 50-d, Article III, of the Texas Constitution
- Tex. Water Code § 17.872ISSUANCE OF BONDS.Printed as Article III, Section 50-d, of the Texas Constitution
- Tex. Water Code § 17.892ENFORCEMENT BY MANDAMUS.Printed as Article III, Section 50-d, of the Texas Constitution
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.