Enrolled Bill Summary

Senate Bill 295	Senate Author:  Hinojosa
Effective:  9-1-17	House Sponsor:  Flynn

            Previous law exempted the issuance of refunding bonds or of capital appreciation bonds for the purpose of financing transportation projects from certain statutory limitations on a political subdivision's authority to issue capital appreciation bonds secured by property taxes. Senate Bill 295 amends the Public Security Procedures Act, Government Code, to extend this exemption for the applicable bonds to other related provisions governing capital appreciation bonds issued by political subdivisions.