Bill: SB 310, 84(R) - 2015

Committee

Senate Intergovernmental Relations

Vote Recommendation

Vote Recommendation	Economic Freedom	Property Rights	Personal Responsibility	Limited Government	Individual Liberty
Yes	Neutral	Neutral	Neutral	Positive	Neutral

Author(s)

Donna Campbell

Co-Author(s)

Lois Kolkhorst

Bill Caption

Relating to procedures and requirements for the issuance of certificates of obligation.

Fiscal Notes

No significant fiscal impact is expected.

Bill Analysis

This bill seeks to prohibit the authorization of a certificate to pay a contractual obligation if a bond proposition was submitted to voters and failed within the previous 3 years and failed to be approved. Also increases the amount of information provided in the public notice, increases the window to 45 days, and must be posted on an internet website. Also allows for a petition process involving 5% or more of gubernatorial voters. HB 1399 is an identical companion.

Vote Recommendation Notes

This legislation would increase government transparency, help to curb the mounting threat posed by local debt, and makes government more accountable and responsive to the people. For these reasons we support this legislation on the grounds of limited government.

Source URL (retrieved on 04/26/2024 09:04 AM): http://reports.texasaction.com/bill/84r/sb310?print_view=true