Bill > SB2859

This bill introduces a new provision to the Texas Election Code that prohibits individuals who contribute to political committees supporting bond issuances from receiving money or payment from those bond proceeds. Specifically, the law means that if a person makes a financial contribution to a political committee that advocates for a bond measure, they will be ineligible to receive any funds generated by that bond, whether through direct payment or as compensation for goods or services. The restriction only applies to contributions made on or after the bill's effective date of September 1, 2025. The purpose of this legislation appears to be preventing potential conflicts of interest and ensuring that those who financially support bond-related political campaigns cannot directly profit from the bonds they are promoting. By creating this legal barrier, the bill aims to increase transparency and reduce the potential for unethical financial gains in the bond issuance process.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB2859