Texas SB2493 mandates specific details on ballots for bond elections, including debt obligations and tax implications.

Texas SB2493 revises the text of ballot propositions for bond elections, requiring detailed information on the ballot. This includes a plain language description of the purposes for which debt obligations are authorized, the total principal amount, and a statement that taxes will cover the principal and interest. The bill also mandates that each specific purpose be printed as a separate proposition. Additionally, political subdivisions must prepare a voter information document detailing the debt obligations, including principal, interest, and combined principal and interest.

Texas SB2493 mandates specific details on ballots for bond elections, including debt obligations and tax implications.

Texas SB2493 revises the text of ballot propositions for bond elections, requiring detailed information on the ballot. This includes a plain language description of the purposes for which debt obligations are authorized, the total principal amount, and a statement that taxes will cover the principal and interest. The bill also mandates that each specific purpose be printed as a separate proposition. Additionally, political subdivisions must prepare a voter information document detailing the debt obligations, including principal, interest, and combined principal and interest.