| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to ballot language for a proposition to approve the |
|
|
issuance or increase of debt. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 52.072(e), Election Code, is amended to |
|
|
read as follows: |
|
|
(e) In addition to any other requirement imposed by law for |
|
|
a proposition, including a provision prescribing the proposition |
|
|
language, a proposition submitted to the voters for approval of the |
|
|
issuance of bonds or other debt or the imposition, increase, or |
|
|
reduction of a tax shall specifically state, as applicable: |
|
|
(1) with respect to a proposition seeking voter |
|
|
approval of the issuance of bonds or other debt: |
|
|
(A) the total principal amount of the bonds or |
|
|
other debt to be authorized, if approved; [and] |
|
|
(B) a general description of the purposes for |
|
|
which the bonds or other debt are to be authorized, if approved; and |
|
|
(C) the total debt accrued by the issuer as of the |
|
|
first day of the fiscal year in which the election is held and any |
|
|
additional debt authorized as of the date of the election; |
|
|
(2) with respect to a proposition that only seeks |
|
|
voter approval of the imposition or increase of a tax, the amount of |
|
|
or maximum tax rate of the tax or tax increase for which approval is |
|
|
sought; or |
|
|
(3) with respect to a proposition that only seeks |
|
|
voter approval of the reduction of a tax, the amount of tax rate |
|
|
reduction or the tax rate for which approval is sought. |
|
|
SECTION 2. The change in law made by this Act applies only |
|
|
to an election ordered on or after the effective date of this Act. |
|
|
An election ordered before the effective date of this Act is |
|
|
governed by the law in effect when the election was ordered. |
|
|
SECTION 3. This Act takes effect September 1, 2013. |