By: Hinojosa  S.B. No. 295
         (In the Senate - Filed December 14, 2016; January 30, 2017,
  read first time and referred to Committee on Intergovernmental
  Relations; April 19, 2017, reported favorably by the following
  vote:  Yeas 6, Nays 0; April 19, 2017, sent to printer.)
Click here to see the committee vote
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the issuance of certain capital appreciation bonds by
  political subdivisions.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1201.0245(j), Government Code, is
  amended to read as follows:
         (j)  This section [Subsection (b)] does not apply to the
  issuance of:
               (1)  refunding bonds under Chapter 1207; or
               (2)  capital appreciation bonds for the purpose of
  financing transportation projects.
         SECTION 2.  The change in law made by this Act does not apply
  to a refunding bond or a capital appreciation bond issued before the
  effective date of this Act.
         SECTION 3.  This Act takes effect September 1, 2017.
 
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