By: Wentworth S.B. No. 1619
A BILL TO BE ENTITLED
AN ACT
relating to the applicability of certain municipal home-rule
charter provisions on actions relating to the issuance of public
securities by a home-rule municipality.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1201.028, Government Code, is amended to
read as follows:
Sec. 1201.028. SINGLE MEETING OF GOVERNING BODY SUFFICIENT.
Notwithstanding any other law, including a provision in a municipal
charter, the following actions taken at a meeting of the governing
body of an issuer are effective immediately, without requirement of
[and] a subsequent meeting, and are not subject to challenge by
referendum [is not required]:
(1) a resolution, order, or ordinance calling an
election to:
(A) authorize the issuance and sale of a public
security; or
(B) approve the resources, revenue, or income of
the issuer that may be pledged as security for a public security;
(2) a resolution, order, or ordinance canvassing the
results of an election described by Subdivision (1); or
(3) a public security authorization.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2009.