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Amend CSHB 1869 (house committee printing) by adding the following appropriately numbered SECTION to the bill and renumbering the SECTIONS of the bill accordingly:
SECTION ____. Chapter 26, Tax Code, is amended by adding Section 26.014 to read as follows:
Sec. 26.014. DEBT FOR CERTAIN TAXING UNITS. (a) This section applies only to:
(1) a county with a population of at least 1.7 million that contains a municipality in which at least 75 percent of the county's population resides; and
(2) a taxing unit any part of which is located in a county described by Subdivision (1).
(b) In this chapter, "debt" means a bond, warrant, certificate of obligation, or other evidence of indebtedness owed by a taxing unit that is payable solely from property taxes in installments over a period of more than one year, not budgeted for payment from maintenance and operations funds, and secured by a pledge of property taxes, or a payment made under contract to secure indebtedness of a similar nature issued by another political subdivision on behalf of the taxing unit.