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Relating to the vote required to authorize the issuance of certain
No fiscal impact to the state is anticipated.
SB 1090 would require at least three-fifths voter approval of the voters in an election held by a political subdivision to authorize the issuance of a bond.
Texas Action supports SB 1090 because it promotes limited government principles. If a political subdivision is going to issue additional bonds, a significant portion of the population should approve those debts. This is especially true in light of the fact that voter turnout for these elections are notoriously low.