88R12352 KJE-D
 
  By: Lozano H.B. No. 4522
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the information that must be included in a school
  district bond election proposition.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 45.003(b-1), Education Code, is amended
  to read as follows:
         (b-1)  If the district determines that the issuance of the
  bonds would require the district to increase the district's
  interest and sinking fund tax rate for the tax year immediately
  following the tax year in which the bonds are issued in order to pay
  the principal of and interest on the bonds for that tax year, the
  [The] ballot proposition under Subsection (b) must include the
  following statement: "THIS IS A PROPERTY TAX RATE INCREASE."
         SECTION 2.  This Act takes effect September 1, 2023.