Bill Text: TX HB4189 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the allocation of proceeds from the issuance of general obligation bonds by political subdivisions.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-21 - Referred to Pensions, Investments & Financial Services [HB4189 Detail]
Download: Texas-2023-HB4189-Introduced.html
| 88R11189 KBB-D | ||
| By: Paul | H.B. No. 4189 | |
|
|
||
|
|
||
| relating to the allocation of proceeds from the issuance of general | ||
| obligation bonds by political subdivisions. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 1253, Government Code, is amended by | ||
| adding Section 1253.004 to read as follows: | ||
| Sec. 1253.004. ALLOCATION OF PROCEEDS. A political | ||
| subdivision shall allocate the proceeds from the issuance of | ||
| general obligation bonds authorized by the voters in the percentage | ||
| or amount stated in the ballot proposition to authorize the | ||
| issuance. | ||
| SECTION 2. This Act takes effect September 1, 2023. | ||
