By: Campbell S.B. No. 1090

(In the Senate - Filed February 25, 2019; March 7, 2019, read first time and referred to Committee on Property Tax; May 6, 2019, reported adversely, with favorable Committee Substitute by the following vote: Yeas 4, Nays 1; May 6, 2019, sent to printer.)

COMMITTEE SUBSTITUTE FOR S.B. No. 1090 By: Paxton

A BILL TO BE ENTITLED

AN ACT

relating to the vote required to authorize the issuance of certain bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. The heading to Chapter 2, Election Code, is amended to read as follows:

CHAPTER 2. VOTE REQUIRED FOR ELECTION [TO OFFICE]

SECTION 2. Chapter 2, Election Code, is amended by adding Subchapter E to read as follows:

SUBCHAPTER E. SUPERMAJORITY REQUIREMENT FOR CERTAIN ELECTIONS

Sec. 2.101. POLITICAL SUBDIVISION BOND ELECTION. Notwithstanding any other law, an election held by a political subdivision to authorize the issuance of bonds does not authorize the issuance of the bonds unless at least three-fifths of the voters voting in the election vote in favor of authorizing the issuance of bonds.

SECTION 3. 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 as it existed immediately before the effective date of this Act, and that law is continued in effect for that purpose.

SECTION 4. This Act takes effect September 1, 2019.

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