TITLE: Proposing a constitutional amendment authorizing the legislature to create a social loan program.

SUMMARY: Proposing a constitutional amendment authorizing the legislature to create a social loan program.

FULL TEXT:
82(R) HJR 14-Introduced version-Bill Text 82R9010 SJM-D By: Veasey H.J.R. No. 14 A JOINT RESOLUTION proposing a constitutional amendment authorizing the legislature to create a social loan program. BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Article III, Texas Constitution, is amended by adding Section 51-h to read as follows: Sec. 51-h. Notwithstanding any other provision of this constitution, the legislature by general law may authorize the use of public money to provide low-interest, short-term loans to low-income individuals for the purpose of covering emergency expenses. The legislature shall provide for the terms and conditions of a loan made under this section. SECTION 2. This proposed constitutional amendment shall be submitted to the voters at an election to be held November 8, 2011. The ballot shall be printed to permit voting for or against the proposition: "The constitutional amendment authorizing the legislature to create a social loan program."