Texas SB409 prohibits political subdivisions from proposing bond issuances rejected by voters within the past five years.

Texas SB409 amends the Government Code to restrict political subdivisions from submitting propositions to voters for the issuance of general obligation bonds if a similar proposition was rejected within the preceding five years. This restriction applies only to elections ordered after the Act's effective date, which is September 1, 2025. The bill aims to prevent repeated proposals for bond issuances that have already been rejected by voters.

Texas SB409 prohibits political subdivisions from proposing bond issuances rejected by voters within the past five years.

Texas SB409 amends the Government Code to restrict political subdivisions from submitting propositions to voters for the issuance of general obligation bonds if a similar proposition was rejected within the preceding five years. This restriction applies only to elections ordered after the Act's effective date, which is September 1, 2025. The bill aims to prevent repeated proposals for bond issuances that have already been rejected by voters.