TX
Texas Senate Bill SB1170

Texas 2025 - 89th Regular

Texas Senate Bill SB1170

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

Caption

Relating to international cooperation agreements between certain state agencies and the United Mexican States and funding for infrastructure investment in this state; providing authority for certain agencies to issue bonds.

Impact

This legislation aims to strengthen infrastructure investment by providing a structured framework for Texas agencies to engage in partnerships with entities like the North American Development Bank. By enabling state agencies to issue bonds, SB1170 presents an opportunity for increased funding for critical projects, while also ensuring that such agreements receive the necessary approval from the governor and the Legislative Budget Board, adding a layer of oversight.

Summary

SB1170 intends to enhance collaboration between Texas state agencies and the United Mexican States by facilitating international cooperation agreements. The bill allows specific state agencies to issue bonds for infrastructure investment, emphasizing the need for joint funding mechanisms to support projects beneficial to Texas. The agencies authorized to issue bonds include the Department of Agriculture, Department of Economic Development, and others, highlighting a significant expansion in the scope of state authority to manage and finance infrastructure projects.

Contention

While the bill primarily seeks to enhance infrastructure funding and international cooperation, there may be contention surrounding the implications of expanding bond-issuing authority to more state agencies. Concerns may arise regarding accountability, the potential for mismanagement of funds, and the implications of increased state borrowing. Critics might argue that additional oversight is necessary to prevent misuse and ensure that these funds are directed towards projects with clear benefits for the state.

Texas Constitutional Statutes Affected

Government Code

  • Chapter 792. International Cooperation Agreements
    • Section: 005
    • Section: 006
    • Section: New Section

Companion Bills

TX HB1353

Identical Relating to international cooperation agreements between certain state agencies and the United Mexican States and funding for infrastructure investment in this state; providing authority for certain agencies to issue bonds.

Previously Filed As

TX HB3495

Relating to the investment authority of certain state agencies and the confidentiality of certain information related to those investments.

TX HB16

Relating to border protection agreements between this state and the United Mexican States.

TX HB129

Relating to border protection agreements between this state and the United Mexican States.

TX HB2701

Relating to public utility agencies; providing authority to issue bonds; providing authority to impose assessments.

TX SB1246

Relating to authorized investments of public money by certain governmental entities and the confidentiality of certain information related to those investments.

TX SB640

Relating to the state agencies responsible for providing facilities management services for certain state buildings allocated for legislative use.

TX HB5400

Relating to the creation of the Presidio International Port Authority District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.

TX SB2614

Relating to the creation of the Presidio International Port Authority District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.

TX HJR169

Proposing a constitutional amendment providing for the dedication of certain sales and use tax revenue to a special fund established in the state treasury to pay for water infrastructure in this state.

TX HB5241

Relating to the expenses and methods of financing the operations of certain state licensing or regulatory agencies and related agencies.

Similar Bills

No similar bills found.