Seven amendments will be on November ballot

Seven amendments will be on November ballot

By The Texas Tribune

Proposition 1

What will be on the ballot: “The constitutional amendment authorizing the Legislature to provide for an exemption from ad valorem taxation of part of the market value of the residence homestead of a partially disabled veteran or the surviving spouse of a partially disabled veteran if the residence homestead was donated to the disabled veteran by a charitable organization for less than the market value of the residence homestead and harmonizing certain related provisions of the Texas Constitution.”

What it means: It would authorize property tax exemptions for certain partially disabled veterans or their surviving spouses — those whose homes were donated to them by charity for less than market value.

Proposition 2

What will be on the ballot: “The constitutional amendment to establish a lower amount for expenses that can be charged to a borrower and removing certain financing expense limitations for a home equity loan, establishing certain authorized lenders to make a home equity loan, changing certain options for the refinancing for home equity loans, changing the threshold for an advance of a home equity line of credit, and allowing home equity loans on agricultural homesteads.”

What it means: This would ease restrictions on borrowing against home equity in Texas.

Proposition 3

What will be on the ballot: “The constitutional amendment limiting the service of certain officeholders appointed by the governor and confirmed by the Senate after the expiration of the person’s term of office.”

What it means: Unsalaried appointees whose terms have ended but who have not been replaced would serve only until the next legislative session has ended.

Proposition 4

What will be on the ballot: “The constitutional amendment authorizing the Legislature to require a court to provide notice to the attorney general of a challenge to the constitutionality of a state statute and authorizing the Legislature to prescribe a waiting period before the court may enter a judgment holding the statute unconstitutional.”

What it means: This would require courts to notify the state attorney general of any constitutional challenges to state laws.

Proposition 5

What will be on the ballot: “The constitutional amendment on professional sports teams’ charitable foundations conducting charitable raffles.”

What it means: It would expand the definition of a “professional sports team,” giving more team-connected foundations the ability to hold charitable raffles.

Proposition 6

What will be on the ballot: “The constitutional amendment authorizing the Legislature to provide for an exemption from ad valorem taxation of all or part of the residence homestead of the surviving spouse of a first responder who is killed or fatally injured in the line of duty.”

What it means: This would give property tax exemptions to surviving spouses of first responders killed in the line of duty.

 

Proposition 7

What will be on the ballot: “The constitutional amendment relating to legislative authority to permit credit unions and other financial institutions to award prizes by lot to promote savings.”

What it means: It would allow banks and other financial institutions to conduct promotional activities — such as raffles — to encourage savings.