Texas 2015 - 84th Regular

Texas House Bill HB1752

Filed
 
Out of Senate Committee
 
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to the issuance of certain bonds by school districts and the permissible use of interest derived from the proceeds of those bonds.

Impact

If passed, HB 1752 would significantly impact the financial operations of school districts across the state. By defining how interest from these bonds can be utilized, the bill allows school districts to allocate resources more effectively towards educational purposes and improvements. This could lead to better infrastructure, enhanced educational services, and overall improvements in student outcomes. It also serves to clarify and possibly expand the financial mechanisms available for schools to support their operations.

Summary

House Bill 1752 concerns the issuance of certain bonds by school districts and outlines the permissible uses for the interest derived from the proceeds of those bonds. The bill aims to enhance the financial flexibility of school districts, providing them with an avenue to generate additional revenues through strategic bond issuance. These bonds are primarily aimed at supporting educational improvements and facilities, making it a critical tool in school finance management.

Sentiment

The sentiment around HB 1752 appears to be largely positive, especially among education advocates and school administrators who see the potential for improved funding and resources for schools. However, there may be concerns among some lawmakers about the long-term implications of increased debt through bonds, suggesting a nuanced debate between immediate financial benefits and long-term fiscal responsibility.

Contention

While general support exists, concerns have been raised regarding the implications of increased reliance on bonds for school funding. Some legislators and fiscal analysts argue about the risks associated with accruing debt in a fluctuating economic climate. The contentions primarily revolve around ensuring that such financial strategies do not undermine the sustainability of school funding in the future and the importance of maintaining a balanced approach to educational finance.

Companion Bills

No companion bills found.

Previously Filed As

TX HB2911

Relating to approval by voters prior to the issuance of revenue bonds by the San Jacinto River Authority.

TX SB2369

Relating to the reliability and resiliency of the power grid in this state; authorizing the issuance of revenue bonds.

TX SB2070

Relating to the funding of projects by the Public Utility Commission of Texas to promote the reliability and resiliency of the power grid in this state; authorizing the issuance of revenue bonds.

TX HB3899

Relating to the issuance of bonds by certain local government corporations.

TX HB2436

Relating to the sale of bonds by certain special purpose districts.

TX HB2784

Relating to the issuance of certain bonds by municipal utility districts.

TX HB4050

Relating to compliance with minimum safety standards as a condition for the issuance of tax-supported bonds by school districts.

TX HB3659

Relating to civil asset forfeiture proceedings, to the seizure and forfeiture of certain property, and to the reporting and disposition of proceeds and property from civil asset forfeiture.

TX HB5011

Relating to amendments to the Uniform Commercial Code, including amendments concerning certain intangible assets and the perfection of security interests in those assets.

TX SB2206

Relating to the sale of bonds by certain special purpose districts.

Similar Bills

No similar bills found.