Amend CSHB 4180 (senate committee report) by adding the following appropriately numbered SECTIONS to the bill and renumbering SECTIONS of the bill accordingly:

SECTION ____.  Section 3.009, Election Code, is amended to read as follows:

Sec. 3.009.  CONTENTS OF DEBT OBLIGATION ELECTION ORDER.  (a)  In this section, "debt obligation" means an issued public security, as defined by Section 1201.002, Government Code, that is secured by and payable from ad valorem taxes. The term does not include public securities that are designated as self-supporting by the political subdivision issuing the securities.

(b)  The document ordering an election to authorize a political subdivision to issue debt obligations must distinctly state:

(1)  the proposition language that will appear on the ballot;

(2)  the purpose for which the debt obligations are to be authorized;

(3)  the principal amount of the debt obligations to be authorized;

(4)  that taxes sufficient to pay the [annual] principal of and interest on the debt obligations may be imposed;

(5)  a statement of the estimated tax rate if the debt obligations are authorized or of the maxium interest rate of the debt obligations or any series of the debt obligations, based on the market conditions at the time of the election order;

(6)  the maximum maturity date of the debt obligations to be authorized or that the debt obligations may be issued to mature over a specified number of years not to exceed the maximum number of years authorized by law [40];

(7)  the aggregate amount of the outstanding principal of the political subdivision's debt obligations as of the date [beginning of the political subdivision's fiscal year in which] the election is ordered;

(8)  the aggregate amount of the outstanding interest on debt obligations of the political subdivision as of the date [beginning of the political subdivision's fiscal year in which] the election is ordered, which may be based on the expectations of the political subdivision as it relates to variable rate debt obligations; and

(9)  the ad valorem debt service tax rate for the political subdivision at the time the election is ordered, expressed as an amount per $100 valuation of taxable property.

SECTION ___.   Section 52.072, Election Code, is amended by amending Subsection (e) and adding Subsection (f) 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] 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:

[(A)     the total principal amount of the bonds to be authorized, if approved; and

[(B)     a general description of the purposes for which the bonds arc to be authorized, if approved;

[(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

(2) [(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 ___.   Chapter 1251, Government Code, is amended by designating Sections 1251.001, 1251.003, 1251.004, 1251.005, and 1251.006 as Subchapter A and adding a subchapter heading to read as follows:

SECTION ___.  Chapter 1251, Government Code, is amended by adding Subchapter B to read as follows:

SECTION ___.  Section 271.049, Local Government Code, is amended by amending Subsections (a) and (b) and adding Subsection (e) to read as follows:

(a)  Regardless of the sources of payment of certificates, certificates may not be issued unless the issuer publishes notice of its intention to issue the certificates. The notice must be published:

(1)   once a week for two consecutive weeks in a newspaper, as defined by Subchapter C, Chapter 2051, Government Code, that is of general circulation in the area of the issuer, with the date of the first publication to be before the 45th [30th] day before the date tentatively set for the passage of the order or ordinance authorizing the issuance of the certificates; and

(2)  if the issuer maintains an Internet website, continuously on the issuer's website for at least 45 days before the date tentatively set for the passage of the order or ordinance authorizing the issuance of the certificates.

(b)  The notice must state:

(1)  the time and place tentatively set for the passage of the order or ordinance authorizing the issuance of the certificates;

(2)  the [maximum amount and] purpose of the certificates to be authorized; [and]

(3)  the manner in which the certificates will be paid for, whether by taxes, revenues, or a combination of the two;

(6)  the maximum maturity date of the certificates to be authorized.

SECTION ___.  Section 1251.002, Government Code, is repealed.

SECTION ___.  (a)  The changes in law made by this Act to Chapter 1251, Government Code, apply only to a ballot for 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, and the former law is continued in effect for that purpose.

(b)  The changes in law made by this Act to Section 271.049, Local Government Code, apply only to a certificate of obligation for which the first notice of intention to issue the certificate is made on or after the effective date of this Act. A certificate of obligation for which the first notice of intention to issue the certificate is made before the effective date of this Act is governed by the law in effect when the notice of intention is made, and the former law is continued in effect for that purpose.