Bill Text: TX HB2963 | 2015-2016 | 84th Legislature | Introduced

Texas House Bill 2963 (Prior Session Legislation)

Introduced

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

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2015-03-18 - Referred to Elections [HB2963 Detail]

Download: Texas-2015-HB2963-Introduced.html



	By: Sanford	H.B. No. 2963



	A BILL TO BE ENTITLED
	AN ACT
	relating to ballot language for a proposition to approve the
	issuance of bonds by a school district.
	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 school district:
	(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 district; 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.