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

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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

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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.