Texas HB2574 mandates a 60% voter approval for issuing general obligation bonds by political subdivisions.

HB2574 amends the Texas Government Code to require a supermajority vote of at least 60% of voters in favor for the issuance of general obligation bonds by political subdivisions. This requirement applies to bonds authorized after the Act's effective date of September 1, 2025.

Texas HB2574 mandates a 60% voter approval for issuing general obligation bonds by political subdivisions.

HB2574 amends the Texas Government Code to require a supermajority vote of at least 60% of voters in favor for the issuance of general obligation bonds by political subdivisions. This requirement applies to bonds authorized after the Act's effective date of September 1, 2025.