Texas SB414 amends ballot proposition language for bond elections by political subdivisions.
Texas SB414 modifies the text of ballot propositions for bond elections by political subdivisions. It mandates that the ballot for a measure seeking voter approval of debt obligations must state a general description of the purpose, the total principal amount, and the estimated interest for the debt obligations. It also requires that each single specific purpose for which debt obligations are to be issued must be printed on the ballot as a separate proposition.
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