The bill amends various sections of Texas law to establish stricter voting requirements for the adoption of ad valorem tax rates and the issuance of general obligation bonds by political subdivisions. Specifically, it introduces a new section in the Government Code that mandates a supermajority vote of at least 60% of the governing body to approve the issuance of general obligation bonds. Additionally, it adds provisions to the Tax Code and Water Code that require at least 80% of the governing body to approve any tax rate that exceeds the voter-approval tax rate, particularly in cases where a previous proposition to exceed that rate was rejected by voters.

These changes aim to enhance accountability and ensure that significant financial decisions, such as tax increases and bond issuances, receive substantial support from elected officials. The new provisions will apply only to actions taken after the effective date of the Act, which is set for January 1, 2026.

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