Bill Text: TX SB52 | 2017 | 85th Legislature 1st Special Session | Introduced
Bill Title: Relating to a supermajority requirement for an election authorizing the issuance of bonds issued by a political subdivision.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-07-17 - Filed [SB52 Detail]
Download: Texas-2017-SB52-Introduced.html
85S10154 ATP-D | ||
By: Huffines | S.B. No. 52 |
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relating to a supermajority requirement for an election authorizing | ||
the issuance of bonds issued by a political subdivision. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. The heading to Chapter 2, Election Code, is | ||
amended to read as follows: | ||
CHAPTER 2. VOTE REQUIRED FOR ELECTION [ |
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SECTION 2. Chapter 2, Election Code, is amended by adding | ||
Subchapter E to read as follows: | ||
SUBCHAPTER E. SUPERMAJORITY REQUIREMENT FOR CERTAIN ELECTIONS | ||
Sec. 2.101. POLITICAL SUBDIVISION BOND ELECTION. | ||
Notwithstanding any other law, an election held by a political | ||
subdivision to authorize the issuance of bonds does not authorize | ||
the issuance of the bonds unless at least three-fifths of the voters | ||
voting in the election vote in favor of authorizing the issuance of | ||
bonds. | ||
SECTION 3. The changes in law made by this Act apply only to | ||
an election held on or after the effective date of this Act. An | ||
election held before the effective date of this Act is governed by | ||
the law in effect when the election was held, and that law is | ||
continued in effect for that purpose. | ||
SECTION 4. This Act takes effect December 1, 2017. |