TX HB3262

Requires a two-thirds supermajority vote (instead of simple majority) for political subdivisions to authorize the issuance of bonds or other debt obligations

Mandates that each single specific purpose for debt obligations must appear as a separate proposition on the ballot, rather than allowing multiple purposes to be combined

Requires ballots to display the estimated combined principal and interest needed to pay all outstanding debt obligations of the political subdivision as of the election order date

Political subdivisions with at least 250 registered voters must prepare and post a voter information document detailing principal amounts, estimated interest, tax impacts on a $100,000 homestead, and key assumptions used in calculations

Applies to elections ordered on or after September 1, 2025