Bill Text: TX SB295 | 2017-2018 | 85th Legislature | Introduced

Texas Senate Bill 295 (Prior Session Legislation)

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Relating to the issuance of certain capital appreciation bonds by political subdivisions.

Spectrum: Bipartisan Bill

Status: (Passed) 2017-06-09 - Effective on 9/1/17 [SB295 Detail]

Download: Texas-2017-SB295-Introduced.html

	85R2740 DMS-F

	By: Hinojosa	S.B. No. 295



	A BILL TO BE ENTITLED
	AN ACT
	relating to the issuance of certain capital appreciation bonds by
	political subdivisions.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 1201.0245(j), Government Code, is
	amended to read as follows:
	(j) This section [~~Subsection (b)~~] does not apply to the
	issuance of:
	(1) refunding bonds under Chapter 1207; or
	(2) capital appreciation bonds for the purpose of
	financing transportation projects.
	SECTION 2. The change in law made by this Act does not apply
	to a refunding bond or a capital appreciation bond issued before the
	effective date of this Act.
	SECTION 3. This Act takes effect September 1, 2017.