Bill > SB1791

This bill amends the Texas Transportation Code to add a new Subchapter D-1 that applies to local government corporations created by municipalities or counties that have agreements to transfer property tax revenue to the corporation for a specific project. The key provisions of this bill require such local government corporations to obtain voter approval before issuing bonds to be paid wholly or partly from ad valorem (property) taxes, and specify the form of the ballot proposition for such bond elections.