Bill

HB 477

86(R) - 2019
House Pensions, Investments, & Financial Services
Senate Property Tax
House Pensions, Investments, & Financial Services
Senate Property Tax
Elections
Debt

Contact the Author

Jim Murphy

Phone:

512-463-0514

Capitol Office:

Room 4N.3

Email:

Vote Recommendation

Yes
  • Neutral
  • Neutral
  • Neutral
  • Positive
  • Neutral

Author(s)

Jim Murphy
Mary Gonzalez
Will Metcalf
Dennis Paul

Sponsor(s)

Paul Bettencourt

Co-Sponsor(s)

Brian Birdwell

Bill Caption

Relating to the notice required before the issuance of certain debt obligations by political subdivisions.

Fiscal Notes

No significant fiscal implication to the State is anticipated.


Bill Analysis

HB 477 would require a variety of information to be printed on ballots in elections seeking voter approval of debt issuance by a political subdivision, such as the general purpose for which the debt will be utilized, the total amount of the debt to be authorized, the estimated maximum annual increase in property taxes etc. Political subdivisions with at least 250 registered voters would also be required to prepare a voter information document on debt obligation elections to be posted online. A notice of the issuing of certificates of debt obligation would also be require to include explanatory information and be posted online. 

Vote Recommendation Notes

Texas Action supports this bill for promoting the principle of limited government. This bill would provide greater transparency and help voters be better informed regarding elections to approve issuance of debt. 

Organizations Supporting

National Federation of Independent Business
Texas Association of Realtors
Texas Public Policy Foundation

Contact the Author

Jim Murphy

Phone:

512-463-0514

Capitol Office:

Room 4N.3

Email: