86R10093 ATP-D
By: Campbell S.B. No. 1090
A BILL TO BE ENTITLED
AN ACT
relating to the vote required to authorize the issuance of certain
bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. The heading to Chapter 2, Election Code, is
amended to read as follows:
CHAPTER 2. VOTE REQUIRED FOR ELECTION [TO OFFICE]
SECTION 2. Chapter 2, Election Code, is amended by adding
Subchapter E to read as follows:
SUBCHAPTER E. SUPERMAJORITY REQUIREMENT FOR CERTAIN ELECTIONS
Sec. 2.101. POLITICAL SUBDIVISION BOND ELECTION.
Notwithstanding any other law, an election held by a political
subdivision to authorize the issuance of bonds does not authorize
the issuance of the bonds unless at least two-thirds of the voters
voting in the election vote in favor of authorizing the issuance of
bonds.
SECTION 3. This Act applies only to an election ordered on
or after the effective date of this Act. An election ordered before
the effective date of this Act is governed by the law as it existed
immediately before the effective date of this Act, and that law is
continued in effect for that purpose.
SECTION 4. This Act takes effect September 1, 2019.