Bill

Bill > HB3899


TX HB3899

TX HB3899
Relating to the issuance of bonds by certain local government corporations.


summary

Introduced
03/07/2023
In Committee
05/19/2023
Crossed Over
05/03/2023
Passed
Dead
05/29/2023

Introduced Session

Potential new amendment
88th Legislature Regular Session

Bill Summary

Relating to the issuance of bonds by certain local government corporations.

AI Summary

This bill amends the Transportation Code to allow certain local government corporations created by municipalities or counties to issue bonds that are to be paid wholly or partly from ad valorem taxes transferred from the municipality or county and approved by voters under Section 26.07 of the Tax Code. The bill requires a voter-approved bond election before such bonds can be issued, and sets out requirements for the bond proposition and the maturity of the bonds. The bill also amends the Government Code to include local government corporations in the definition of "issuer" for purposes of state laws on public securities.

Committee Categories

Government Affairs, Labor and Employment

Sponsors (55)

Paul Bettencourt (R)* Greg Bonnen (R)* Dustin Burrows (R)* Morgan Meyer (R)* Richard Raymond (D)* Ellen Troxclair (R)* Cecil Bell (R),  Brad Buckley (R),  Ben Bumgarner (R),  DeWayne Burns (R),  Angie Button (R),  Briscoe Cain (R),  Terry Canales (D),  Travis Clardy (R),  David Cook (R),  Drew Darby (R),  Jay Dean (R),  Mano DeAyala (R),  Mark Dorazio (R),  Harold Dutton (D),  James Frank (R),  Frederick Frazier (R),  Gary Gates (R),  Craig Goldman (R),  Ryan Guillen (R),  Cody Harris (R),  Caroline Harris Davila (R),  Brian Harrison (R),  Richard Hayes (R),  Cole Hefner (R),  Lacey Hull (R),  Carrie Isaac (R),  Jacey Jetton (R),  Stan Kitzman (R),  Stephanie Klick (R),  Jeff Leach (R),  Terri Leo-Wilson (R),  J.M. Lozano (R),  Andy Murr (R),  Tom Oliverson (R),  Angelia Orr (R),  Jared Patterson (R),  Dennis Paul (R),  Nate Schatzline (R),  Matt Shaheen (R),  Shelby Slawson (R),  Reggie Smith (R),  David Spiller (R),  Lynn Stucky (R),  Valoree Swanson (R),  Carl Tepper (R),  Kronda Thimesch (R),  Senfronia Thompson (D),  Steve Toth (R),  Cody Vasut (R), 

Last Action

Returned from the House for further action (on 05/26/2023)

Bill Topics

Government Operations
  • ‐ Intergovernmental Relations
Local Government
  • ‐ General Local Government

bill text


bill summary

Loading...

bill summary

Loading...
Loading...