Honorable Paul Bettencourt, Chair, Senate Committee on Property Tax
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
SB462 by Campbell (Relating to ballot propositions authorizing certain political subdivisions to issue debt obligations.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Local Government Code to require certain information on ballot propositions submitted for an election for a political subdivision to issue debt obligations. Authorizes the Secretary of State to adopt a form for this purpose.
According to the Secretary of State, the bill would have no significant fiscal implication. The agency would revise advisory materials within existing resources.
Local Government Impact
According to the Texas Municipal League, the bill would have minimal fiscal impact on cities.