H.B. No. 49 introduces a new provision in the Texas Election Code that prohibits individuals who contribute to certain political committees from receiving bond proceeds. Specifically, the bill adds Section 253.008, which states that any person who makes a contribution to a political committee that supports the issuance of a bond is barred from receiving any money, including payments for goods or services, from the proceeds related to that bond. This measure aims to prevent potential conflicts of interest and ensure transparency in the use of public funds.

The new section applies only to contributions made to political committees on or after the effective date of the Act. The bill is set to take effect immediately if it secures a two-thirds majority vote in both houses of the Texas Legislature; otherwise, it will become effective 91 days after the end of the legislative session.

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