H.B. No. 54 introduces a new provision to the Government Code, specifically adding Section 1253.0015, which restricts the ability of political subdivisions to propose the issuance of general obligation bonds for purposes that have previously been rejected by voters within the last five years. Under this new law, if a political subdivision has submitted a proposition for the same purpose and it was not approved by voters, they are prohibited from resubmitting that proposition for a period of five years.

The bill aims to ensure that voters' decisions regarding bond proposals are respected and not repeatedly challenged within a short timeframe. The changes will only apply to propositions submitted for elections ordered on or after the effective date of the Act. The Act will take effect immediately if it receives a two-thirds majority vote in both houses; otherwise, it will become effective 91 days after the end of the legislative session.

Statutes affected:
Introduced: ()