1974 Texas lieutenant gubernatorial election

The 1974 Texas lieutenant gubernatorial election was held on November 5, 1974, to elect the Lieutenant Governor of Texas. The Incumbent, William P. Hobby Jr. ran for re-election to his second term, he was elected against Republican, Gaylord Marshall. Hobby won the election with 74% of the vote to Marshall's 24%. Hobby was sworn in for his second term on January 21, 1975.

As the Constitution of Texas had been amended in 1972 to extend the state's federal officers terms from 2 years to 4 years, Hobby became the first lieutenant governor to be sworn into and serve a four-year term.

Primaries were held on May 4, 1974, and runoffs were held on June 1, 1974, for both parties.