The bill, S.B. No. 1389, amends the Government Code to establish new requirements for the text of ballot propositions related to bond elections held by political subdivisions, such as municipalities and school districts. Key changes include the requirement for the ballot to provide a general description of a specific project for which debt obligations are sought, a detailed list of structures or improvements included in that project, and the total estimated costs associated with each. Additionally, the ballot must explicitly state the total principal amount of the debt obligations, include a statement indicating that the proposal constitutes a tax increase, and clarify that taxes sufficient to cover the principal and interest will be imposed.

Furthermore, the bill mandates that political subdivisions with at least 250 registered voters prepare a voter information document for each proposition, which must be posted publicly and include detailed financial information about the proposed debt obligations. This includes the principal and estimated interest, as well as the potential tax impact on a typical residence. The governing body must also disclose major assumptions related to the financial estimates. The changes will apply only to elections ordered after the bill's effective date, which can be immediate or set for September 1, 2025, depending on legislative approval.