85R4427 JTS-D     By: Burton S.B. No. 386       A BILL TO BE ENTITLED   AN ACT   relating to the use of federal funds by political subdivisions for   payment of the political subdivision's debt obligations.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Chapter 140, Local Government Code, is amended   by adding Section 140.012 to read as follows:          Sec. 140.012.  USE OF FEDERAL FUNDS FOR PAYMENT OF DEBT   OBLIGATIONS. A political subdivision may not use federal funds to   make payments for a debt obligation of the political subdivision.          SECTION 2.  Section 460.404(c), Transportation Code, is   repealed.          SECTION 3.  This Act takes effect September 1, 2017.