Monitoring the SessionSB 708
Died in committee
Initial review · graded Oct 20, 2026 · Headline, summary and grade are analysis of the bill text, not a finding about any person · How we grade
relating to the definition of "closing" for purposes of certain private activity bonds.
Caption from analyzed text · version I.
Changes when rental housing bonds count as closed.
This bill changes when a private activity bond counts as "closed" under the state's bond allocation rules. It mainly touches bond issuers and developers who use qualified residential rental project bonds, which finance rental housing. Those housing bonds can now count as closed when delivered for a partial payment of at least 10 percent, with the rest funded in steps, instead of waiting for full payment.
Labels: ZOMBIE BILL. Died 2 times: 88R SB 1964 (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 1964 (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 Jan 6, 2025 and referred to the Senate Business & Commerce committee. No public hearing. The bill died.
89R-SB708 · 2025-01-06
relating to the definition of "closing" for purposes of certain private activity bonds.
Changes when rental housing bonds count as closed.
This bill changes when a private activity bond counts as "closed" under the state's bond allocation rules. It mainly touches bond issuers and developers who use qualified residential rental project bonds, which finance rental housing. Those housing bonds can now count as closed when delivered for a partial payment of at least 10 percent, with the rest funded in steps, instead of waiting for full payment.
[ ] NONE FOUND
No fiscal note in the loaded record.
THE TEXT
“The term includes, for a qualified residential rental project bond, delivery of a bond in exchange for a partial payment for the incremental funding of the bond”…
Bill text, introduced version (I)
The bill makes it easier for rental housing bonds to count as closed under state bond allocation rules by accepting a partial payment of at least 10 percent.
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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 30, 2024 to Jun 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.
$25,000.00
Also funds 121 other sitting lawmakers.
Derived recipient stock · Jul 3, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamDerived itemized flow · Dec 6, 2024 to Mar 16, 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: 101012403, 101030499, 101059972.
$20,000.00
Also funds 140 other sitting lawmakers.
Derived recipient stock · Jul 2, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamDerived itemized flow · Jun 23, 2025 to Dec 8, 2025. 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: 101007246, 101030499.
$20,000.00
Also funds 137 other sitting lawmakers.
Derived recipient stock · Jul 24, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamDerived itemized flow · Oct 30, 2024 to Dec 9, 2025. 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: 101012403, 101030499.
Missing data does not establish zero giving. Display amounts are rounded.
$25,000.00
Also funds 121 other sitting lawmakers.
Derived recipient stock · Jul 3, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamDerived itemized flow · Dec 6, 2024 to Mar 16, 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: 101012403, 101030499, 101059972.
$20,000.00
Also funds 140 other sitting lawmakers.
Derived recipient stock · Jul 2, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamDerived itemized flow · Jun 23, 2025 to Dec 8, 2025. 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: 101007246, 101030499.
$20,000.00
Also funds 137 other sitting lawmakers.
Derived recipient stock · Jul 24, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamDerived itemized flow · Oct 30, 2024 to Dec 9, 2025. 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: 101012403, 101030499.
No floor vote loaded for this bill.
No fiscal note in the loaded record.
Analysis of text version I by claude-opus-5-5, Oct 20, 2026, against the published rubric.
Filed 2 times: 88R and 89R. Checked against 88R only.
by Sen. Alvarado, same lead author · Died in committee · same text
Introduced textLast action, Mar 21, 2023: Referred to Business & Commerce
Relating to the definition of "closing" for purposes of certain private activity bonds.
Caption, 88R bill history
Texas Senate · Filed Jan 6, 2025
02/07/2025 S Referred to Business & Commerce
Texas Legislature Online · Introduced
Data snapshot Oct 26, 2026 at 4:20 AM CDT. Grades, charges, quotes and corrections follow the published record.
Senate committee · Business & Commerce · Final status: Died in committee
HB 1718 by Plesa (identical)
Housing--General
State Finances--Management & Control
BONDS
The text as introduced · 206 words
89R4832 CS-D By: Alvarado S.B. No. 708 A BILL TO BE ENTITLED AN ACT relating to the definition of "closing" for purposes of certain private activity bonds. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 1372.001(3), Government Code, is amended to read as follows: (3) "Closing" means the [ issuance and ] delivery of a bond by an issuer in exchange for the required payment for the bond. The term includes, for a qualified residential rental project bond, delivery of a bond in exchange for a partial payment for the incremental funding of the bond in accordance with the terms of the bond, provided that the partial payment is not less than 10 percent of the required payment for the bond. The term does not include a delivery of a bond if expenditure of the proceeds of the bond is conditioned on obtaining credit enhancement in support of the bond. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2025.