Bill
Bill > HB1489
summary
Introduced
01/19/2023
01/19/2023
In Committee
03/03/2023
03/03/2023
Crossed Over
Passed
Dead
05/29/2023
05/29/2023
Introduced Session
88th Legislature Regular Session
Bill Summary
Relating to the issuance of certificates of obligation by local governments.
AI Summary
This bill, known as the Certificate of Obligation Reform Act of 2023, amends the Local Government Code to make several changes to the issuance of certificates of obligation by local governments in Texas. Key provisions include: (1) expanding the definition of "public work" to include certain technology and cybersecurity projects, (2) limiting the use of certificates to specific purposes, such as compliance with state/federal laws or addressing public health emergencies and natural disasters, (3) reducing the maximum allowable change order amount from 25% to 15%, (4) extending the maximum maturity period for certificates from 40 to 30 years, and (5) increasing the required petition threshold for voter approval from 5% to 2% of qualified voters. The bill also repeals a section related to the use of certificates for restoring historic structures.
Committee Categories
Labor and Employment
Sponsors (11)
Gary Gates (R)*,
Craig Goldman (R)*,
Carl Tepper (R)*,
Ellen Troxclair (R)*,
Brian Harrison (R),
Carrie Isaac (R),
Kyle Kacal (R),
Terri Leo-Wilson (R),
Angelia Orr (R),
Shelby Slawson (R),
Terry Wilson (R),
Last Action
Left pending in committee (on 04/05/2023)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=HB1489 |
| Fiscal Note (Introduced) | https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/HB01489I.htm |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/HB01489I.htm |
Loading...