Texas Bond Increase

State:
Texas
Control #:
TX-CR-14
Format:
PDF
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Description

Bond Increase Texas Bond Increase is an increase in the amount of debt issued by the state of Texas. This can be done through the issuance of general obligation bonds, revenue bonds, or through the sale of notes. General obligation bonds are debt issued by the state and backed by the full faith and credit of the state. Revenue bonds are debt issued by the state that is backed by specific revenue streams, such as taxes or user fees. Notes are short-term debt issued by the state. The proceeds of the bond issue are used to finance projects such as infrastructure, educational facilities, public safety facilities, and other public works projects. The increased debt from a Texas Bond Increase is subject to voter approval. There are usually several types of bond issues which can be presented to the voters. These include bond elections for specific projects, general obligation bond propositions, and special bond issues.

Texas Bond Increase is an increase in the amount of debt issued by the state of Texas. This can be done through the issuance of general obligation bonds, revenue bonds, or through the sale of notes. General obligation bonds are debt issued by the state and backed by the full faith and credit of the state. Revenue bonds are debt issued by the state that is backed by specific revenue streams, such as taxes or user fees. Notes are short-term debt issued by the state. The proceeds of the bond issue are used to finance projects such as infrastructure, educational facilities, public safety facilities, and other public works projects. The increased debt from a Texas Bond Increase is subject to voter approval. There are usually several types of bond issues which can be presented to the voters. These include bond elections for specific projects, general obligation bond propositions, and special bond issues.

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Texas Bond Increase