Give to the pro-bond committee, and you can’t be paid from that bond.
The bill bars anyone who gives money to a political committee backing a bond from later getting paid out of that bond's proceeds, including through contracts for goods or services. It touches contractors, vendors, and anyone else who donates to pro-bond campaigns and then does business funded by the bond. Starting September 1, 2025, a company that funds a bond campaign cannot cash in on the projects that bond pays for.
Labels
Labels: ZOMBIE BILL. Died 2 times: 88R HB 3021 by Rep. Harrison (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 HB 3021 by Rep. Harrison (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.NEVER GOT A HEARING. Filed Mar 14, 2025 and referred to the Senate State Affairs committee. No public hearing. The bill died.
relating to a prohibition on the receipt of bond proceeds by persons
who make a contribution to certain political committees.
WHAT IT DOES
Give to the pro-bond committee, and you can’t be paid from that bond.
The bill bars anyone who gives money to a political committee backing a bond from later getting paid out of that bond's proceeds, including through contracts for goods or services. It touches contractors, vendors, and anyone else who donates to pro-bond campaigns and then does business funded by the bond. Starting September 1, 2025, a company that funds a bond campaign cannot cash in on the projects that bond pays for.
…“a person who makes a contribution to a political committee that supports the issuance of a bond may not receive money, including payment under a contract for goods or services, from any proceeds in connection with the bond”
The bill attaches a financial consequence to political contributions supporting a bond, which regulates who can give to bond campaigns without losing public business.
89R12886 CJD-D
By: Bettencourt
S.B. No. 2859
A BILL TO BE ENTITLED
AN ACT
relating to a prohibition on the receipt of bond proceeds by persons
who make a contribution to certain political committees.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter A, Chapter 253, Election Code, is
amended by adding Section 253.008 to read as follows:
Sec. 253.008. PROHIBITION ON RECEIPT OF BOND PROCEEDS BY
PERSONS WHO CONTRIBUTE TO CERTAIN POLITICAL COMMITTEES.
Notwithstanding any law, a person who makes a contribution to a
political committee that supports the issuance of a bond may not
receive money, including payment under a contract for goods or
services, from any proceeds in connection with the bond.
SECTION 2. Section 253.008, Election Code, as added by this
Act, applies only to a contribution to a political committee that is
made on or after the effective date of this Act.
SECTION 3. This Act takes effect September 1, 2025.