SRC-JXG H.B. 2235 76(R) BILL ANALYSIS Senate Research Center H.B. 2235 76R9127 DRH-FBy: Truitt (Nelson) Intergovernmental Relations 5/6/1999 Engrossed DIGEST In 1995, the 75th Texas Legislature enacted legislation to prohibit a city of less than 50,000 in population from issuing any installment sale obligations or lease-purchase obligations of more than $1 million without the approval of the attorney general. Cities with a population of 50,000 or more are not restricted in the same way. H.B. 2235 would repeal Section 2256.056, Government Code, to prohibit a municipality with a population of less than 50,000 from issuing installment sale obligations or lease-purchase obligations having the principal amount of $1 million or more without the approval of the attorney general. PURPOSE As proposed, H.B. 2235 repeals Section 2256.056, Government Code, regarding the issuance of installment sale obligations or lease-purchase obligations by certain municipalities. RULEMAKING AUTHORITY This bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Repealer: Section 2256.056, Government Code (Compliance With Other Laws). SECTION 2. Effective date: September 1, 1999. SECTION 3. Emergency clause.