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TX HB2574
Bill
Status
2/7/2025
Primary Sponsor
Brian Harrison
Click for details
AI Summary
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Requires a supermajority of at least 60 percent voter approval for political subdivisions to issue general obligation bonds, replacing the current simple majority threshold
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Applies to all political subdivisions in Texas, including cities, counties, school districts, and special districts
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Overrides any other existing law regarding voter approval requirements for general obligation bond issuance
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Applies only to bonds authorized on or after the effective date, not to previously approved bond measures
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Takes effect September 1, 2025
Legislative Description
Relating to the vote required to approve the issuance of general obligation bonds by a political subdivision.
County Government
Last Action
Referred to Pensions, Investments & Financial Services
3/17/2025