Bill > HB953

This bill introduces a new provision to the Texas Election Code that prohibits individuals or entities who contribute to a political committee supporting a bond issuance from receiving any monetary proceeds related to that bond. Specifically, if a person makes a financial contribution to a political committee that advocates for the approval of a bond measure, they are then barred from receiving any money, including payments for goods or services, from the proceeds of that bond. The bill applies only to contributions made on or after its effective date, which is September 1, 2025. The purpose of this legislation appears to be preventing potential conflicts of interest and ensuring that those who financially support a bond referendum cannot directly benefit financially from the bond's proceeds, thereby promoting transparency and fairness in the political and financial processes surrounding bond issuances.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB953