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
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  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.
feedback