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 147 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


hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

For a complete list of videos, visit our video library