TITLE: Relating to the text of municipal ballot propositions on the issuance of bonds.

SUMMARY: Relating to the text of municipal ballot propositions on the issuance of bonds.

FULL TEXT:
AN ACT relating to the text of municipal ballot propositions on the issuance of bonds. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter A, Chapter 1331, Government Code, is amended by adding Section 1331.003 to read as follows: Sec. 1331.003. BONDS THAT INCREASE TAXES. A ballot proposition to approve bonds issued by a municipality that would add or increase taxes must include the following statement: "THIS IS A TAX INCREASE." SECTION 2. The change in law made by this Act applies only to an election ordered on or after the effective date of this Act. SECTION 3. This Act takes effect September 1, 2023.