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A BILL TO BE ENTITLED
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AN ACT
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relating to a supermajority requirement for an election authorizing |
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the issuance of bonds issued by a political subdivision. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. The heading to Chapter 2, Election Code, is |
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amended to read as follows: |
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CHAPTER 2. VOTE REQUIRED FOR ELECTION [TO OFFICE] |
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SECTION 2. Chapter 2, Election Code, is amended by adding |
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Subchapter E to read as follows: |
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SUBCHAPTER E. SUPERMAJORITY REQUIREMENT FOR CERTAIN ELECTIONS |
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Sec. 2.101. POLITICAL SUBDIVISION BOND ELECTION. |
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Notwithstanding any other law, an election held by a political |
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subdivision to authorize the issuance of bonds does not authorize |
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the issuance of the bonds unless at least three-fifths of the voters |
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voting in the election vote in favor of authorizing the issuance of |
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bonds. |
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SECTION 3. The changes in law made by this Act apply only to |
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an election held on or after the effective date of this Act. An |
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election held before the effective date of this Act is governed by |
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the law in effect when the election was held, and that law is |
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continued in effect for that purpose. |
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SECTION 4. This Act takes effect December 1, 2017. |