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  89R16220 JAM-D     By: Patterson H.J.R. No. 182       A JOINT RESOLUTION   proposing a constitutional amendment authorizing the Veterans'   Land Board to issue general obligation bonds in an aggregate   principal amount that is greater than amounts previously   authorized.          BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 49-b(w), Article III, Texas   Constitution, is amended to read as follows:          (w)  The Veterans' Land Board may provide for, issue, and   sell general obligation bonds of the state for the purpose of   selling land to veterans of the state or providing home or land   mortgage loans to veterans of the state in a principal amount of   outstanding bonds that must at all times be equal to or less than $6   billion [ the aggregate principal amount of state general obligation   bonds previously authorized for those purposes by prior   constitutional amendments ]. Bonds and other obligations issued or   executed under the authority of this subsection may not be included   in the computation required by Section 49-j of this article. The   bond proceeds shall be deposited in or used to benefit and augment   the Veterans' Land Fund, the Veterans' Housing Assistance Fund, or   the Veterans' Housing Assistance Fund II, as determined appropriate   by the Veterans' Land Board, and shall be administered and invested   as provided by law. Payments of principal and interest on the   bonds, including payments made under a bond enhancement agreement   with respect to principal of or interest on the bonds, shall be made   from the sources and in the manner provided by this section for   general obligation bonds issued for the benefit of the applicable   fund.          SECTION 2.  This proposed constitutional amendment shall be   submitted to the voters at an election to be held November 4, 2025.   The ballot shall be printed to permit voting for or against the   proposition: "The constitutional amendment authorizing the   Veterans' Land Board to issue general obligation bonds in an   aggregate principal amount that is greater than amounts previously   authorized."