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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of a political subdivision to propose for |
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voter approval the issuance of general obligation bonds for a |
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purpose rejected by voters at a bond election held during the |
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preceding five years. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 1253, Government Code, is amended by |
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adding Section 1253.0015 to read as follows: |
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Sec. 1253.0015. LIMITATION ON AUTHORITY TO PROPOSE ISSUANCE |
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OF GENERAL OBLIGATION BONDS. A political subdivision may not |
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submit a proposition to approve the issuance of general obligation |
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bonds to the voters if the political subdivision submitted a |
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proposition to approve the issuance of such bonds to the voters for |
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the same purpose within the preceding five years and the voters |
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failed to approve the proposition. |
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SECTION 2. The change in law made by this Act applies only |
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to a proposition submitted to voters for which the election was |
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ordered on or after the effective date of this Act. |
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SECTION 3. This Act takes effect September 1, 2025. |