Prop 12 makes $5 billion available for Texas roads
Bonds, Financing, Texas Lege November 7th. 2007, 7:07amTexas voters approved Proposition 12 by 63%, paving the way reducing the state’s multi-billion dollar transportation shortfalls. The constitutional amendment allows the state to issue $5 billion in bonds to fund road construction and maintenance.
The Texas Legislature must now approve the authorizing legislation before the bonds can be issued.
Leave a Reply
You must be logged in to post a comment.