Texas HB54 prohibits political subdivisions from proposing bond issuances rejected by voters in the past five years.

Texas HB54 amends Chapter 1253, Government Code, to restrict political subdivisions from submitting propositions for voter approval of general obligation bonds for purposes already rejected by voters within the preceding five years. This change applies only to propositions submitted after the effective date of the Act. The Act takes effect immediately if it receives a two-thirds vote in both legislative houses; otherwise, it becomes effective 91 days after the session's end.

Texas HB54 prohibits political subdivisions from proposing bond issuances rejected by voters in the past five years.

Texas HB54 amends Chapter 1253, Government Code, to restrict political subdivisions from submitting propositions for voter approval of general obligation bonds for purposes already rejected by voters within the preceding five years. This change applies only to propositions submitted after the effective date of the Act. The Act takes effect immediately if it receives a two-thirds vote in both legislative houses; otherwise, it becomes effective 91 days after the session's end.