SB1501 — Relating to the allocation of proceeds from the issuance of general obligation bonds by political subdivisions.

SB1501 — Relating to the allocation of proceeds from the issuance of general obligation bonds by political subdivisions. · Informed CitizenryThe bill amends Chapter 1253 of the Government Code by adding Section 1253.004, titled "ALLOCATION OF PROCEEDS." This section requires that a political subdivision allocate the proceeds from genera…Open in Informed Citizenry