Tex. Gov't Code § 1231.065 · Subchapter D. REPORTS TO LEGISLATURE
BIENNIAL REPORT ON REPAYMENT OF BONDS ISSUED BY LOCAL GOVERNMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Not later than December 31 of each even-numbered year, the board shall prepare and submit to each standing committee of the legislature with primary jurisdiction over matters relating to finance a report on the repayment status of each voter-approved bond issued by a local government.
(b) The report required by Subsection (a) must include:
(1) for each voter-approved bond issued by a local government:
(A) the estimated total amount required to pay the principal of and interest on the bond on the date the bond was issued;
(B) the total amount of principal and interest paid by the local government on the bond; and
(C) the minimum dollar amount required to be expended for debt service for each year of the biennium covered by the report; and
(2) if a local government requires an increase in the local government's tax rate in order to pay the principal of and interest on bonds issued by the local government, the amount of the required increase.
(c) The board may adopt any rules necessary to implement this section.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 226 (H.B. 3526), Sec. 3, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1231.htm
- Text hash
- sha256 37d9c5d60dba44217bbb2beaa4c1d52d2e416c3229bbf6351afa0a4077929333
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
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