In hearings on the bill this year, Texas lawmakers expressed concern that their credit ratings might suffer if they defied the accounting board.
In 1999, Texas lawmakers passed a deregulation bill that Mr. Lay said is probably the best in the nation.
School financing has bedeviled Texas lawmakers for years.
Texas lawmakers thought they had found the ideal alternative to race-based affirmative action.
Nearly three years ago, Texas lawmakers and regulators preparing for electricity deregulation visited California to study its first-in-the-nation experiment.
Texas lawmakers are trying to block the permanent loss of the plant, which once employed 2,000 people.
Some Texas lawmakers even questioned the legitimacy of the standards board.
But some Texas lawmakers oppose the sale, complaining that both jobs and steelmaking capacity would be permanently lost.
Texas lawmakers have objected that the sale to Iraq would reduce American steelmaking capabilities and increase domestic steel prices.
In 1979, the legislature overrode one of his vetoes, the last time that Texas lawmakers have completed an override.