| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 85R4427 JTS-D | |
| 2 | 2 | By: Burton S.B. No. 386 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the use of federal funds by political subdivisions for | |
| 8 | 8 | payment of the political subdivision's debt obligations. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Chapter 140, Local Government Code, is amended | |
| 11 | 11 | by adding Section 140.012 to read as follows: | |
| 12 | 12 | Sec. 140.012. USE OF FEDERAL FUNDS FOR PAYMENT OF DEBT | |
| 13 | 13 | OBLIGATIONS. A political subdivision may not use federal funds to | |
| 14 | 14 | make payments for a debt obligation of the political subdivision. | |
| 15 | 15 | SECTION 2. Section 460.404(c), Transportation Code, is | |
| 16 | 16 | repealed. | |
| 17 | 17 | SECTION 3. This Act takes effect September 1, 2017. |