Texas 2025 - 89th 1st C.S.

Texas House Bill HB105

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

Caption

Relating to the issuance of certificates of obligation by certain local governments.

Impact

The primary impact of HB 105 is on how local governments manage their funding for public improvement projects. By allowing municipalities to issue certificates for a broader range of purposes, including demolishing dangerous structures, the bill seeks to enhance local governments' ability to undertake necessary infrastructure projects efficiently. The act also establishes a framework that prohibits certain types of financial arrangements, thus ensuring that local governments remain within defined fiscal limits.

Summary

House Bill 105 pertains to the issuance of certificates of obligation by certain local governments in Texas. The bill amends existing sections of the Local Government Code, redefining the entities eligible to issue certificates and the purposes for which these certificates can be issued. Local governments can now utilize these certificates to cover costs associated with public works projects, such as the demolition of dangerous structures and the maintenance of other public facilities. This change is aimed at streamlining local financing options for various municipal projects.

Conclusion

If enacted, this bill could significantly affect the practices surrounding local funding and project management within Texas municipalities. As with many legislative measures, its actual implementation and ensuing outcomes will depend on various factors, including individual local government administration and community engagement in the processes of public financing.

Contention

Notable points of contention regarding HB 105 arose during legislative discussions about local governance and financial autonomy. Some legislators expressed concerns that the provision allowing municipalities to bypass certain voter approval thresholds for issuing certificates could undermine public check mechanisms. There were debates about whether this change might lead to overreach by local governments, potentially resulting in misallocation of resources or financial mismanagement.

Texas Constitutional Statutes Affected

Local Government Code

  • Chapter 271. Purchasing And Contracting Authority Of Municipalities, Counties, And Certain Other Local Governments
    • Section: 043
    • Section: 0461
    • Section: 047
    • Section: 049
    • Section: 0525
    • Section: New Section

Companion Bills

No companion bills found.

Previously Filed As

TX SB470

Relating to the issuance of certificates of obligation by local governments.

TX HB4986

Relating to the issuance of certificates of obligation by local governments.

TX HB1453

Relating to the issuance of anticipation notes and certificates of obligation by certain local governments.

TX HB1489

Relating to the issuance of certificates of obligation by local governments.

TX SB2490

Relating to the issuance of certificates of obligation by local governments.

TX HB19

Relating to the issuance and repayment of debt by local governments, including the adoption of an ad valorem tax rate and the use of ad valorem tax revenue for the repayment of debt.

TX HB3002

Relating to the authority of certain political subdivisions to issue certificates of obligation.

TX SB1810

Relating to the issuance of certain anticipation notes and certificates of obligation.

TX HB4808

Relating to the issuance of certain anticipation notes and certificates of obligation.

TX SB1037

Relating to the issuance of certain anticipation notes and certificates of obligation.

Similar Bills

No similar bills found.