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