The bill, S.B. No. 2493, aims to enhance the transparency and clarity of ballot propositions for bond elections held by political subdivisions in Texas. It establishes specific requirements for the content of the ballot, mandating that it includes a plain language description of the purposes for which the debt obligations are being authorized, the total principal amount, and a statement regarding the imposition of taxes to cover the debt. Additionally, each purpose must be presented as a separate proposition, allowing voters to make informed decisions. Political subdivisions with at least 250 registered voters are required to prepare a voter information document that outlines the ballot language, estimated costs, and other relevant financial information.

The bill also stipulates that the governing body of the political subdivision must identify major assumptions related to the financial implications of the proposed debt obligations, such as amortization schedules and estimated future appraised values. Furthermore, it mandates that this information be made accessible on the political subdivision's website prior to the election. The bill emphasizes that its provisions take precedence over any conflicting laws, ensuring that voters receive comprehensive and clear information regarding bond elections. The act will take effect immediately upon receiving a two-thirds vote from both houses or on September 1, 2025, if that threshold is not met.