Bill Text: TX HB2962 | 2015-2016 | 84th Legislature | Introduced

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Bill Title: Relating to ballot language for a proposition to approve the issuance of bonds by a county.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-05-11 - Committee report sent to Calendars [HB2962 Detail]

Download: Texas-2015-HB2962-Introduced.html

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By: Sanford H.B. No. 2962

A BILL TO BE ENTITLED
AN ACT
relating to ballot language for a proposition to approve the
issuance of bonds by a county.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 52.072(e), Election Code, is amended to
read as follows:
(e) In addition to any other requirement imposed by law for
a proposition, including a provision prescribing the proposition
language, a proposition submitted to the voters for approval of the
issuance of bonds or the imposition, increase, or reduction of a tax
shall specifically state, as applicable:
(1) with respect to a proposition seeking voter
approval of the issuance of bonds:
(A) the total principal amount of the bonds to be
authorized, if approved; [and]
(B) a general description of the purposes for
which the bonds are to be authorized, if approved; and
(C) if the issuer is a county:
(i) the most recent rating, if any, given by
Standard and Poor's or another industry-recognized bond rating
service to bonds issued by the county; and
(ii) a plain-language description of the
applicable bond rating system, if a bond rating is required to be
stated under Subparagraph (i);
(2) with respect to a proposition that only seeks
voter approval of the imposition or increase of a tax, the amount of
or maximum tax rate of the tax or tax increase for which approval is
sought; or
(3) with respect to a proposition that only seeks
voter approval of the reduction of a tax, the amount of tax rate
reduction or the tax rate for which approval is sought.
SECTION 2. The change in law made by this Act applies only
to an election ordered on or after the effective date of this Act.
An election ordered before the effective date of this Act is
governed by the law in effect when the election was ordered.
SECTION 3. This Act takes effect January 1, 2016.