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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.