Bill Text: TX SB386 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the use of federal funds by political subdivisions for payment of the political subdivision's debt obligations.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-02-01 - Referred to Intergovernmental Relations [SB386 Detail]
Download: Texas-2017-SB386-Introduced.html
85R4427 JTS-D | ||
By: Burton | S.B. No. 386 |
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relating to the use of federal funds by political subdivisions for | ||
payment of the political subdivision's debt obligations. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Chapter 140, Local Government Code, is amended | ||
by adding Section 140.012 to read as follows: | ||
Sec. 140.012. USE OF FEDERAL FUNDS FOR PAYMENT OF DEBT | ||
OBLIGATIONS. A political subdivision may not use federal funds to | ||
make payments for a debt obligation of the political subdivision. | ||
SECTION 2. Section 460.404(c), Transportation Code, is | ||
repealed. | ||
SECTION 3. This Act takes effect September 1, 2017. |