Texas HB5004 mandates voter approval for issuing revenue bonds by the San Jacinto River Authority.

Texas HB5004 amends the San Jacinto River Authority's bond issuance process. The Authority can no longer issue bonds payable from ad valorem taxes or incur any form of continuing indebtedness. Instead, revenue bonds must be approved by a majority of voters in the service area through a revenue bond election. The election must include details such as the purpose of the bonds, their amount, interest rate, and maturity date. The District must order the election, publish notices, and ensure the election follows general election laws. The act takes effect September 1, 2025.

Texas HB5004 mandates voter approval for issuing revenue bonds by the San Jacinto River Authority.

Texas HB5004 amends the San Jacinto River Authority's bond issuance process. The Authority can no longer issue bonds payable from ad valorem taxes or incur any form of continuing indebtedness. Instead, revenue bonds must be approved by a majority of voters in the service area through a revenue bond election. The election must include details such as the purpose of the bonds, their amount, interest rate, and maturity date. The District must order the election, publish notices, and ensure the election follows general election laws. The act takes effect September 1, 2025.