Bill > SB2572

This bill creates a new section in the Texas Election Code that prohibits individuals or entities from receiving bond proceeds if they have previously made contributions to political committees supporting those bond issuances. Specifically, the bill stipulates that anyone who contributes to a political committee advocating for a bond's issuance will be ineligible to receive money from that bond's proceeds, including payments for goods or services. Furthermore, governmental entities are barred from awarding public contracts to such individuals or entities for five years following the contribution. The provision applies only to contributions made on or after the bill's effective date of September 1, 2025, and is designed to prevent potential conflicts of interest by creating a disincentive for entities to financially support bond-related political campaigns while simultaneously seeking to benefit financially from the bond proceeds. This legislation aims to increase transparency and reduce potential corruption in the bond issuance and procurement process by creating a clear separation between political support and financial gain.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB2572