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A BILL TO BE ENTITLED
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AN ACT
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relating to ballot language for a proposition to approve the |
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issuance of bonds by a city. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 52.072(e), Election Code, is amended to |
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read as follows: |
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(e) In addition to any other requirement imposed by law for |
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a proposition, including a provision prescribing the proposition |
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language, a proposition submitted to the voters for approval of the |
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issuance of bonds or the imposition, increase, or reduction of a tax |
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shall specifically state, as applicable: |
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(1) with respect to a proposition seeking voter |
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approval of the issuance of bonds: |
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(A) the total principal amount of the bonds to be |
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authorized, if approved; [and] |
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(B) a general description of the purposes for |
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which the bonds are to be authorized, if approved; and |
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(C) if the issuer is a city: |
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(i) the most recent rating, if any, given by |
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Standard and Poor's or another industry-recognized bond rating |
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service to bonds issued by the city; and |
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(ii) a plain-language description of the |
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applicable bond rating system, if a bond rating is required to be |
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stated under Subparagraph (i); |
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(2) with respect to a proposition that only seeks |
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voter approval of the imposition or increase of a tax, the amount of |
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or maximum tax rate of the tax or tax increase for which approval is |
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sought; or |
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(3) with respect to a proposition that only seeks |
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voter approval of the reduction of a tax, the amount of tax rate |
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reduction or the tax rate for which approval is sought. |
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SECTION 2. The change in law made by this Act applies only |
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to an election ordered on or after the effective date of this Act. |
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An election ordered before the effective date of this Act is |
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governed by the law in effect when the election was ordered. |
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SECTION 3. This Act takes effect January 1, 2016. |