Bill

SB 957

86(R) - 2019
Senate State Affairs
Senate State Affairs

Vote Recommendation

Yes
  • Neutral
  • Neutral
  • Neutral
  • Positive
  • Positive

Author(s)

Paul Bettencourt
Joan Huffman

Bill Caption

Relating to voter approval of the issuance of certain obligations by municipalities to pay their unfunded liabilities to a public pension fund.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

SB 957 would require voter approval for a municipality to issue pension fund obligations, in an amount that exceeds $50 million, used to fund all or any part of an unfunded liability.

Vote Recommendation Notes

Texas Action supports SB 957 as a promotes the principle of individual liberty and limited government. Large liabilities to the municipality and tax payers should be approved through the voting process to increase transparency and provide a check on the municipality's issuance of obligations.