Subscribe to receive our Floor Reports covering all the action on the Texas House and Senate floor!
Relating to the vote required to authorize the issuance of certain
bonds.
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.