SB 461

85(R) - 2017
Senate Intergovernmental Relations
Senate Intergovernmental Relations
State Agencies

Companion Bill

HB 3335

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Positive
  • Neutral


Eddie Lucio Jr.

Bill Caption

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

Bill Analysis

SB 461 would require any political subdivision, when issuing a proposition seeking voter approval for the issuance of bonds by the political subdivision, to specifically state the general information regarding the bond in the form of a debt obligation order. In addition to this, the political subdivision must report the effects the bond would have on taxes, and post a voter information document containing this and other general information. A political subdivision will provide this information on their website. This bill would not affect self-supporting public securities.

Vote Recommendation Notes

Texas Action supports this bill. SB 461 upholds our principles of limited government and personal responsibility by producing more transparency between political subdivisions and the public during the issuing process of general obligation bonds.