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HJR 182

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.

89th Legislature (2025) Introduced by Jared Patterson

Constitutional amendment to raise the cap on Texas Veterans' Land Board general obligation bonds, enabling more funding for veteran land, home loans, and housing programs.

Referred to Vet Affairs
#bonds(s6060) #housing--veterans(i0409) #military&veterans(i0535) #propertyinterests--realproperty(i0595) #resolutions--constitutionalamendments(i0661) #statefinances--appropriations(i0746) #veterans'landboard(v1026)
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Bill Summary · HJR 182

Summary — HJR 182 (2025): Constitutional amendment to increase Veterans' Land Board bond authorization

Main purpose

HJR 182 is a joint resolution proposing a constitutional amendment to authorize the Texas Veterans' Land Board (VLB) to issue general obligation bonds in an aggregate principal amount that is greater than amounts previously authorized. In short, the resolution would raise the constitutional cap on VLB general obligation bond issuances so the Board can finance additional veteran land and housing programs.

Key provisions (based on title/summary)

  • Proposes a change to the State Constitution to increase the aggregate principal amount of general obligation bonds that the Veterans' Land Board may issue.
  • The proposal would not itself issue bonds but would permit the VLB to access larger bond proceeds in the future, subject to any statutory or voter-approval requirements that apply to constitutional bond authorizations.

Note: The bill text with specific new caps, limits, or conditions is not included in the provided document. Those specifics (dollar amounts, bond terms, or program restrictions) would be set out in the constitutional amendment language if and when filed.

Who would be affected

  • Veterans and eligible applicants: Increased bond capacity would enable the VLB to finance more land purchases, home loans, home improvement loans, or related housing programs that benefit veterans.
  • State finances and taxpayers: Raising the VLB bond authorization increases the State’s potential general obligation debt, with associated long-term debt service obligations. The actual fiscal impact depends on the amount, timing, and terms of bonds ultimately issued.
  • Local governments and bond markets: Additional state GO bond issuances can affect state debt capacity and market conditions; effects depend on scale and financing structure.

Fiscal and policy considerations

  • General obligation bonds are backed by the State’s full faith and credit; greater authorization may raise long‑term debt service needs.
  • VLB programs are often structured to be at least partially self-supporting (loan repayments), but whether new bonds are fully revenue-supported or require general revenue backing would affect fiscal exposure.
  • Specific costs, taxpayer impact, and program benefits cannot be determined without the amendment’s precise dollar limits and implementing legislation.

Procedural status & timeline

  • Filed: March 10, 2025
  • House actions: Reported favorably in committee (April 30), placed on Constitutional Amendments Calendar, read twice and adopted by the House (May 12, 2025); received by the Senate May 13, 2025.
  • Senate actions: Read first time and referred to Veterans Affairs (May 14, 2025).
  • Next steps: For a constitutional amendment, both chambers must approve identical language; if so, the amendment would be submitted to voters for approval at a statewide election per Texas constitutional procedures.

Related legislation

  • Companion: SJR 69

If you’d like, I can draft a short explainer of how VLB bond programs have been used historically, or review SJR 69 to compare language.

Compiled from official sources — confirm details with the bill’s official record.

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