SB409 — Relating to the authority of a political subdivision to propose for voter approval the issuance of general obligation bonds for a purpose rejected by voters at a bond election held during the preceding five years.

SB409 — Relating to the authority of a political subdivision to propose for voter approval the issuance of general obligation bonds for a purpose rejected by voters at a bond election held during the preceding five years. · Informed CitizenryThis bill amends the Government Code to limit the authority of a political subdivision to propose the issuance of general obligation bonds to voters. Under the proposed law, a political subdivision…Open in Informed Citizenry