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A BILL TO BE ENTITLED
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AN ACT
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relating to an election to approve the issuance of bonds or other |
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debt. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. The heading to Chapter 2, Election Code, is |
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amended to read as follows: |
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CHAPTER 2. VOTE REQUIRED FOR ELECTION [TO OFFICE] |
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SECTION 2. Chapter 2, Election Code, is amended by adding |
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Subchapter E to read as follows: |
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SUBCHAPTER E. SUPERMAJORITY REQUIREMENT FOR CERTAIN ELECTIONS |
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Sec. 2.101. CERTAIN POLITICAL SUBDIVISION ELECTIONS. |
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Notwithstanding any other law, an election held by a political |
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subdivision to authorize the issuance of bonds or other debt does |
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not authorize the issuance of bonds or other debt unless at least |
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two-thirds of the voters voting on the proposition authorizing the |
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issuance of bonds or other debt vote in favor of the proposition. |
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SECTION 3. Subchapter A, Chapter 41, Election Code, is |
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amended by adding Section 41.0051 to read as follows: |
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Sec. 41.0051. PROPOSITION FOR APPROVAL OF ISSUANCE OF BONDS |
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OR OTHER DEBT. (a) A proposition for approval of the issuance of |
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bonds or other debt shall be submitted to the voters in an election |
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held on the November uniform election date. |
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(b) Notwithstanding Section 41.0011, a proposition |
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described by Subsection (a) may not be submitted to the voters in an |
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election held under that section. |
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(c) If a law outside this code requires a proposition |
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described by Subsection (a) to be submitted to the voters in an |
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election held on a date other than the November uniform election |
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date, the authority administering the election shall set the |
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election date to comply with this section. |
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SECTION 4. The change in law made by this Act applies only |
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to an election ordered on or after the effective date of this Act. |
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An election ordered before the effective date of this Act is |
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governed by the law in effect when the election was ordered. |
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SECTION 5. This Act takes effect September 1, 2023. |