H.B. No. 4468 introduces a new provision in the Texas Government Code that prohibits current or former members of the legislature from accepting compensation or employment related to bond services if they provided financial advice or other professional services associated with the issuance of bonds while serving in the legislature. This prohibition lasts until the 10th anniversary of either the bond issuance date or the date the individual ceases to be a member of the legislature, whichever is later. Violating this provision constitutes a Class A misdemeanor.

The bill specifies that the new rules regarding compensation and employment apply only to situations that begin on or after the effective date of the Act, which is set for September 1, 2025. Any compensation or employment that occurred before this date will be governed by the existing laws in effect at that time.

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