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A BILL TO BE ENTITLED
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AN ACT
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relating to the information that must be included in a school |
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district bond election proposition. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 45.003(b-1), Education Code, is amended |
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to read as follows: |
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(b-1) If the district determines that the issuance of the |
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bonds would require the district to increase the district's |
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interest and sinking fund tax rate for the tax year immediately |
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following the tax year in which the bonds are issued in order to pay |
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the principal of and interest on the bonds for that tax year, the |
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[The] ballot proposition under Subsection (b) must include the |
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following statement: "THIS IS A PROPERTY TAX RATE INCREASE." |
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SECTION 2. This Act takes effect September 1, 2023. |