This topic contains a solution. Click here to go to the answer

Author Question: Since the Texas Constitution generally prohibits the state from going into debt, how is the state ... (Read 126 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
Since the Texas Constitution generally prohibits the state from going into debt, how is the state able to borrow money through general obligation bonds?
 
  A) Such bonds do not technically create indebtedness since the state uses taxes to repay them.
  B) Such bonds are established through amending the Texas Constitution.
  C) Such bonds are repaid within the biennial budget period.
  D) Technically, such bonds are for borrowing goods and servicesnot money.
  E) Such bonds are permissible because their amounts are negligible.

Question 2

Because the Texas legislature meets in regular session only once every other year,
 
  A) legislators must pass a state budget during its regular session for the first year and during a special session for the next year.
  B) legislators must pass a budget during its regular session for the first year and the governor must enact a budget for the next year.
  C) legislators must pass a biennial, or two-year, budget for Texas government.
  D) the Legislative Budget Board enacts the budget without input from the legislature.
  E) Texas operates in an ad hoc fashion without using a budget.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lolol

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C




fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jul 8, 2018
YES! Correct, THANKS for helping me on my review


bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

For a complete list of videos, visit our video library