The bill, S.B. No. 1389, amends the Government Code to establish specific requirements for the text of ballot propositions related to bond elections for political subdivisions, such as municipalities and school districts. It mandates that the ballot must include a general description of the specific project for which debt obligations are being authorized, a detailed list of structures or improvements included in the project, the total estimated costs, the principal amount of the debt, and a clear statement indicating that the proposal constitutes a tax increase. Additionally, each project must be presented as a separate proposition on the ballot, and political subdivisions with at least 250 registered voters are required to prepare a voter information document that outlines key financial details and assumptions related to the proposed debt.

The bill also stipulates that the voter information document must be posted publicly and made accessible on the political subdivision's website, ensuring transparency in the election process. The changes introduced by this bill will only apply to elections ordered after its effective date, which will be immediate if it receives a two-thirds majority vote in both houses of the legislature; otherwise, it will take effect on September 1, 2025.