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TX SB1501

Bill

Official Source

Status

Introduced

2/20/2025

Primary Sponsor

Paul Bettencourt

Click for details

Origin

Senate

89th Legislature Regular Session

AI Summary

  • Requires political subdivisions to allocate proceeds from voter-approved general obligation bonds in the exact percentage or amount specified in the ballot proposition that authorized the bond issuance

  • Amends Chapter 1253 of the Government Code by adding new Section 1253.004

  • Effective date is September 1, 2025

Legislative Description

Relating to the allocation of proceeds from the issuance of general obligation bonds by political subdivisions.

County Government

Last Action

Referred to Local Government

3/6/2025

Committee Referrals

Local Government3/6/2025

Full Bill Text

No bill text available