Bill Text: TX HB445 | 2023-2024 | 88th Legislature | Introduced


Bill Title: Relating to the specified use of bond proceeds by a county or municipality.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2023-04-19 - Left pending in committee [HB445 Detail]

Download: Texas-2023-HB445-Introduced.html
  88R2191 SGM-D
 
  By: Schofield H.B. No. 445
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the specified use of bond proceeds by a county or
  municipality.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter A, Chapter 1251, Government Code, is
  amended by adding Section 1251.002 to read as follows:
         Sec. 1251.002.  SPECIFIED USE OF BOND PROCEEDS. (a) The
  ballot for a bond election must state with specificity:
               (1)  each project to be funded through the bond
  proceeds; and
               (2)  the amount of bond proceeds to be spent on each
  project.
         (b)  A county or municipality may not:
               (1)  spend an amount of the bond proceeds on a project
  that is greater than the amount stated on the ballot for the
  project; or
               (2)  transfer bond proceeds from one project to
  another, regardless of whether the projects were approved at the
  same election.
         (c)  An individual who votes in the bond election has
  standing to bring an action in district court for injunctive relief
  against the county or municipality that held the election for a
  violation of this section regardless of whether the individual is
  directly or indirectly injured by the violation.
         SECTION 2.  Section 1251.002, Government Code, as added by
  this Act, applies only to a bond election ordered on or after the
  effective date of this Act. A bond election ordered before the
  effective date of this Act is governed by the law in effect when the
  bond election was ordered, and the former law is continued in effect
  for that purpose.
         SECTION 3.  This Act takes effect September 1, 2023.
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