By: Bettencourt  S.B. No. 1814
         (In the Senate - Filed March 7, 2023; March 20, 2023, read
  first time and referred to Committee on Local Government;
  April 17, 2023, reported favorably by the following vote:  Yeas 9,
  Nays 0; April 17, 2023, sent to printer.)
Click here to see the committee vote
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the definition of current debt service for the purpose
  of calculating the current debt rate of a taxing unit for ad valorem
  tax purposes.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 26.012(3), Tax Code, is amended to read
  as follows:
               (3)  "Current debt service" means the minimum dollar
  amount required to be expended for debt service for the current
  year.
         SECTION 2.  This Act applies only to ad valorem taxes imposed
  for an ad valorem tax year that begins on or after the effective
  date of this Act.
         SECTION 3.  This Act takes effect January 1, 2024.
 
  * * * * *