HB 6355 Summary

• Amends the Industrial Development Revenue Bond Act of 1963 to revise public notice requirements for bond issuance resolutions.

• Requires publication of bond authorization resolutions in a newspaper of general circulation through December 31, 2021.

• Beginning January 1, 2022, shifts requirement to posting notice through the local government public notice act instead of newspaper publication.

• Makes technical corrections to statutory language including grammar, punctuation, and pronoun references in bond covenant provisions.

• Conditional enactment tied to passage of Senate Bill (number blank) or House Bill 6440 of the 100th Legislature.