Percentages or amounts on the proposition are binding.
The bill requires a local government that issues voter-approved general obligation bonds to spend the bond money in the percentages or amounts stated on the ballot proposition. It touches cities, counties, school districts and other political subdivisions that ask voters for bond authority, and the voters who approve those bonds. Starting September 1, 2025, bond money cannot be shifted away from the split that voters were shown on the ballot.
Labels
Labels: ZOMBIE BILL. Died 2 times: 88R SB 1939 (Died in committee) and this bill (Died in committee). Checked against 88R only.BACK FROM THE DEAD. Same text as a bill filed before that died: 88R SB 1939 (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.QUICK READ: 103 WORDS. The bill as filed runs 103 words, counting the existing law it amends and the text it strikes. The median 89R bill as filed runs 441 words (derived, 8,702 graded bills, snapshot Oct 19, 2026).NEVER GOT A HEARING. Filed Feb 20, 2025 and referred to the Senate Local Government committee. No public hearing. The bill died.
relating to the allocation of proceeds from the issuance of general
obligation bonds by political subdivisions.
WHAT IT DOES
Percentages or amounts on the proposition are binding.
The bill requires a local government that issues voter-approved general obligation bonds to spend the bond money in the percentages or amounts stated on the ballot proposition. It touches cities, counties, school districts and other political subdivisions that ask voters for bond authority, and the voters who approve those bonds. Starting September 1, 2025, bond money cannot be shifted away from the split that voters were shown on the ballot.
“A political subdivision shall allocate the proceeds from the issuance of general obligation bonds authorized by the voters in the percentage or amount stated in the ballot proposition”…
Data snapshot Oct 26, 2026 at 4:20 AM CDT. Grades, charges, quotes and corrections follow the published record.
Senate committee · Local Government · Final status: Died in committee
Subjects
City Government--Finance
County Government--Finance
Political Subdivisions
BONDS
Text
The text as introduced · 103 words
89R10347 JBD-D
By: Bettencourt
S.B. No. 1501
A BILL TO BE ENTITLED
AN ACT
relating to the allocation of proceeds from the issuance of general
obligation bonds by political subdivisions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 1253, Government Code, is amended by
adding Section 1253.004 to read as follows:
Sec. 1253.004. ALLOCATION OF PROCEEDS. A political
subdivision shall allocate the proceeds from the issuance of
general obligation bonds authorized by the voters in the percentage
or amount stated in the ballot proposition to authorize the
issuance.
SECTION 2. This Act takes effect September 1, 2025.