| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 88R12352 KJE-D | |
| 2 | 2 | By: Lozano H.B. No. 4522 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the information that must be included in a school | |
| 8 | 8 | district bond election proposition. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Section 45.003(b-1), Education Code, is amended | |
| 11 | 11 | to read as follows: | |
| 12 | 12 | (b-1) If the district determines that the issuance of the | |
| 13 | 13 | bonds would require the district to increase the district's | |
| 14 | 14 | interest and sinking fund tax rate for the tax year immediately | |
| 15 | 15 | following the tax year in which the bonds are issued in order to pay | |
| 16 | 16 | the principal of and interest on the bonds for that tax year, the | |
| 17 | 17 | [The] ballot proposition under Subsection (b) must include the | |
| 18 | 18 | following statement: "THIS IS A PROPERTY TAX RATE INCREASE." | |
| 19 | 19 | SECTION 2. This Act takes effect September 1, 2023. |