Texas HB3262 mandates a two-thirds voter approval for issuing bonds or debt by political subdivisions.

Texas HB3262 amends the Election Code to require a two-thirds majority vote for elections on issuing bonds or other debt by political subdivisions. The bill also mandates that ballots for such elections must detail the specific purpose, principal amount, and estimated interest for the debt obligations. Political subdivisions with at least 250 registered voters must prepare and post voter information documents detailing the debt obligations and relevant assumptions. The changes apply to elections ordered after the bill's effective date of September 1, 2025.

Texas HB3262 mandates a two-thirds voter approval for issuing bonds or debt by political subdivisions.

Texas HB3262 amends the Election Code to require a two-thirds majority vote for elections on issuing bonds or other debt by political subdivisions. The bill also mandates that ballots for such elections must detail the specific purpose, principal amount, and estimated interest for the debt obligations. Political subdivisions with at least 250 registered voters must prepare and post voter information documents detailing the debt obligations and relevant assumptions. The changes apply to elections ordered after the bill's effective date of September 1, 2025.