Monitoring the SessionHB 1514
Did not pass
Initial review · graded Oct 22, 2026 · Headline, summary and grade are analysis of the bill text, not a finding about any person · How we grade
relating to the authority of a political subdivision to issue certain public securities to purchase or lease tangible personal property or purchase, improve, or construct an improvement to real property.
Caption from analyzed text · version H.
No borrowing for equipment that wears out before the debt is paid.
The bill bars cities, counties, school districts and other local governments from borrowing through public securities to buy or lease equipment and other physical goods when that property will wear out, for tax depreciation purposes, before the debt is paid off. It applies to every political subdivision in Texas, but it exempts financing related to a critical infrastructure facility, and it keeps a separate rule that bonds, certificates of obligation and anticipation notes for buildings and other real property improvements cannot run longer than 120 percent of their expected useful life. Starting September 1, 2025, a local government can no longer finance short-lived items like vehicles or equipment with long-term debt that outlasts them.
Labels: ZOMBIE BILL. Died 2 times: 88R HB 451 (Died in committee) and this bill (Did not pass). Checked against 88R only.BACK FROM THE DEAD. Same text as a bill filed before that died: 88R HB 451 (Died in committee). Filed in 2 sessions, counting this one. Checked against 88R only.TRY NO. 2. Filed in 2 sessions: 88R and 89R. Checked against 88R only.STALLED AFTER COMMITTEE. Voted out of the House Pensions, Investments & Financial Services committee 7-2 on May 9, 2025. Never placed on a calendar. The bill died.
89R-HB1514 · 2024-12-04
relating to the authority of a political subdivision to issue certain public securities to purchase or lease tangible personal property or purchase, improve, or construct an improvement to real property.
No borrowing for equipment that wears out before the debt is paid.
The bill bars cities, counties, school districts and other local governments from borrowing through public securities to buy or lease equipment and other physical goods when that property will wear out, for tax depreciation purposes, before the debt is paid off. It applies to every political subdivision in Texas, but it exempts financing related to a critical infrastructure facility, and it keeps a separate rule that bonds, certificates of obligation and anticipation notes for buildings and other real property improvements cannot run longer than 120 percent of their expected useful life. Starting September 1, 2025, a local government can no longer finance short-lived items like vehicles or equipment with long-term debt that outlasts them.
[ ] NONE FOUND
No significant fiscal implication to the State is anticipated.
LBB estimate · fiscal note version H · source
Fiscal note · version H · May 13, 2025
No first-year general revenue figure available here.
LBB published estimates · flow over the stated periods.
Source snapshot 2026-10-19, Central time.
THE TEXT
“A political subdivision may not issue a public security to purchase or lease tangible personal property if the expected useful life of the property for the purpose of calculating depreciation deductions under the Internal Revenue Code of 1986 ends before the maturity date of the public security.”
Bill text, House committee report version (H)
The bill limits local government debt by barring long-term securities for property that wears out before the debt is repaid.
THANK YOU FOR CHECKING THE RECEIPT
CAMPAIGN PAID FOR BY
Not tied to this bill.
The author's campaign account only. Own money and internal transfers are separate on the member page.
Derived itemized flow · Oct 28, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.
Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.
$432,937.00
Also funds 124 other sitting lawmakers.
Derived recipient stock · Jul 10, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamDerived itemized flow · Jun 23, 2025 to Oct 23, 2026. State data as of Nov 4, 2026.
Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.
Report IDs: 101006866, 101027356, 101057804, 101070463, 101071373.
$331,750.00
Also funds 42 other sitting lawmakers.
Derived recipient stock · Jan 23, 2026 to Oct 23, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamDerived itemized flow · Jul 24, 2026 to Oct 23, 2026. State data as of Nov 4, 2026.
Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.
Report IDs: 101070463, 101071373.
$254,625.06
Also funds 12 other sitting lawmakers.
Derived recipient stock · Oct 31, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamDerived itemized flow · Sep 23, 2026 to Oct 19, 2026. State data as of Nov 4, 2026.
Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.
Report IDs: 101070463, 101071373.
Missing data does not establish zero giving. Display amounts are rounded.
$432,937.00
Also funds 124 other sitting lawmakers.
Derived recipient stock · Jul 10, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamDerived itemized flow · Jun 23, 2025 to Oct 23, 2026. State data as of Nov 4, 2026.
Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.
Report IDs: 101006866, 101027356, 101057804, 101070463, 101071373.
$331,750.00
Also funds 42 other sitting lawmakers.
Derived recipient stock · Jan 23, 2026 to Oct 23, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamDerived itemized flow · Jul 24, 2026 to Oct 23, 2026. State data as of Nov 4, 2026.
Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.
Report IDs: 101070463, 101071373.
$254,625.06
Also funds 12 other sitting lawmakers.
Derived recipient stock · Oct 31, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamDerived itemized flow · Sep 23, 2026 to Oct 19, 2026. State data as of Nov 4, 2026.
Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.
Report IDs: 101070463, 101071373.
No floor vote loaded for this bill.
15 parsed registrations across the loaded witness lists.
Derived stock of witness registrations. Repeated appearances count separately. Organizations and self-representation appear as printed.
House witness list. Source snapshot 2026-10-20, Central time.
No significant fiscal implication to the State is anticipated.
LBB estimate · fiscal note version H · source
Fiscal note · version H · May 13, 2025
No first-year general revenue figure available here.
LBB published estimates · flow over the stated periods.
Source snapshot 2026-10-19, Central time.
Analysis of text version H by claude-opus-5-5, Oct 22, 2026, against the published rubric.
Filed 2 times: 88R and 89R. Checked against 88R only.
by Rep. Schofield, same lead author · Died in committee · same text
Introduced textLast action, Apr 19, 2023: Left pending in committee
Relating to the authority of a political subdivision to issue debt to purchase or lease tangible personal property.
Caption, 88R bill history
Texas House · Filed Dec 4, 2024
05/13/2025 H Committee report sent to Calendars
Texas Legislature Online · Introduced · House Committee Report
Data snapshot Oct 26, 2026 at 4:20 AM CDT. Grades, charges, quotes and corrections follow the published record.
House committee · Pensions, Investments & Financial Services · Committee vote 7 aye, 2 nay · Out of committee
SB 393 by Sparks (identical)
City Government--Finance
County Government--Finance
Political Subdivisions
Property Interests--Personal Property
Property Interests--Real Property
The text as introduced · 339 words
89R1488 AMF-D By: Schofield H.B. No. 1514 A BILL TO BE ENTITLED AN ACT relating to the authority of a political subdivision to issue debt to purchase or lease tangible personal property. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. The heading to Chapter 1253, Government Code, is amended to read as follows: CHAPTER 1253. PUBLIC SECURITIES [ GENERAL OBLIGATION BONDS ] ISSUED BY POLITICAL SUBDIVISIONS SECTION 2. Section 1253.001, Government Code, is amended to read as follows: Sec. 1253.001. DEFINITIONS [ DEFINITION ]. In this chapter : (1) "Political [ , "political ] subdivision" means a county, municipality, school district, junior college district, other special district, or other subdivision of state government. (2) "Public security" has the meaning assigned by Section 1201.002. SECTION 3. Chapter 1253, Government Code, is amended by adding Section 1253.0015 to read as follows: Sec. 1253.0015. LIMITATION ON AUTHORITY TO ISSUE PUBLIC SECURITY FOR TANGIBLE PERSONAL PROPERTY. A political subdivision may not issue a public security to purchase or lease tangible personal property if the expected useful life of the property for the purpose of calculating depreciation deductions under the Internal Revenue Code of 1986 ends before the maturity date of the public security. SECTION 4. Section 1253.002 , Government Code, is amended to read as follows: Sec. 1253.002. LIMITATION ON AUTHORITY TO ISSUE GENERAL OBLIGATION BONDS FOR IMPROVEMENTS TO REAL PROPERTY . [ (a) In this section, "personal property" has the meaning assigned by Section 1.04, Tax Code. [ (b) ] Notwithstanding any other provision of law, a political subdivision may not issue general obligation bonds to purchase, improve, or construct one or more improvements to real property [ , to purchase one or more items of personal property, or to do both, ] if the weighted average maturity of the issue of bonds exceeds 120 percent of the reasonably expected weighted average economic life of the improvements [ and personal property ] financed with the issue of bonds. SECTION 5. This Act takes effect September 1, 2025.