HB4295 — Relating to the authority of a political subdivision to issue a public security if the debt-to-asset ratio of the political subdivision exceeds a certain percentage.

HB4295 — Relating to the authority of a political subdivision to issue a public security if the debt-to-asset ratio of the political subdivision exceeds a certain percentage. · Informed CitizenryThe bill amends Chapter 1253 of the Government Code by adding Section 1253.004, which establishes a limitation on a political subdivision's authority to issue public securities. Specifically, a pol…Open in Informed Citizenry