Texas HB5334 mandates voter information documents for debt obligations by political subdivisions with at least 250 voters.

The Texas House Bill 5334 amends the Government Code to require political subdivisions with at least 250 registered voters to prepare a voter information document for each debt obligation proposition. This document must detail the principal and estimated interest for authorized debt obligations, outstanding debt obligations, and the estimated tax impact. The document must be posted and accessible online if the subdivision maintains a website. The bill takes effect immediately if it receives a two-thirds vote in each house; otherwise, it becomes effective September 1, 2025.

Texas HB5334 mandates voter information documents for debt obligations by political subdivisions with at least 250 voters.

The Texas House Bill 5334 amends the Government Code to require political subdivisions with at least 250 registered voters to prepare a voter information document for each debt obligation proposition. This document must detail the principal and estimated interest for authorized debt obligations, outstanding debt obligations, and the estimated tax impact. The document must be posted and accessible online if the subdivision maintains a website. The bill takes effect immediately if it receives a two-thirds vote in each house; otherwise, it becomes effective September 1, 2025.