| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R3500 MZM-D | |
| 2 | 2 | By: Middleton S.B. No. 409 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to the authority of a political subdivision to propose for | |
| 10 | 10 | voter approval the issuance of general obligation bonds for a | |
| 11 | 11 | purpose rejected by voters at a bond election held during the | |
| 12 | 12 | preceding five years. | |
| 13 | 13 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 14 | 14 | SECTION 1. Chapter 1253, Government Code, is amended by | |
| 15 | 15 | adding Section 1253.0015 to read as follows: | |
| 16 | 16 | Sec. 1253.0015. LIMITATION ON AUTHORITY TO PROPOSE ISSUANCE | |
| 17 | 17 | OF GENERAL OBLIGATION BONDS. A political subdivision may not | |
| 18 | 18 | submit a proposition to approve the issuance of general obligation | |
| 19 | 19 | bonds to the voters if the political subdivision submitted a | |
| 20 | 20 | proposition to approve the issuance of such bonds to the voters for | |
| 21 | 21 | the same purpose within the preceding five years and the voters | |
| 22 | 22 | failed to approve the proposition. | |
| 23 | 23 | SECTION 2. The change in law made by this Act applies only | |
| 24 | 24 | to a proposition submitted to voters for which the election was | |
| 25 | 25 | ordered on or after the effective date of this Act. | |
| 26 | 26 | SECTION 3. This Act takes effect September 1, 2025. |