The bill amends Chapter 1253 of the Government Code by adding a new section, 1253.0015, which establishes a limitation on the authority of political subdivisions to propose the issuance of general obligation bonds. Specifically, it prohibits a political subdivision from submitting a proposition for voter approval regarding the issuance of such bonds if a similar proposition was rejected by voters within the preceding two years. This aims to prevent repeated attempts to pass bond measures that have already been declined by the electorate.

The provisions of this bill will only apply to propositions submitted to voters for which the election is ordered on or after the effective date of the Act, which is set to take effect 91 days after the conclusion of the legislative session. This change is intended to streamline the bond approval process and respect the decisions made by voters in recent elections.

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