85R4428 TJB-D     By: Burton S.B. No. 387       A BILL TO BE ENTITLED   AN ACT   relating to the use of certain unspent bond proceeds and voter   approval of certain political subdivision actions, including the   issuance of certain bonds and the use of certain unspent bond   proceeds.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 52.072(e), Election Code, is amended to   read as follows:          (e)  In addition to any other requirement imposed by law for   a proposition, including a provision prescribing the proposition   language, a proposition submitted to the voters by a political   subdivision for approval of the issuance of bonds or the   imposition, increase, or reduction of a tax shall specifically   state, as applicable:                (1)  with respect to a proposition seeking voter   approval of the issuance of bonds:                      (A)  the total principal amount of the bonds to be   authorized, if approved; and                      (B)  each specific purpose [a general description   of the purposes] for which the bonds are to be authorized, if   approved;                (2)  with respect to a proposition that only seeks   voter approval of the imposition or increase of a tax, the amount of   or maximum tax rate of the tax or tax increase for which approval is   sought; or                (3)  with respect to a proposition that only seeks   voter approval of the reduction of a tax, the amount of tax rate   reduction or the tax rate for which approval is sought.          SECTION 2.  Subtitle C, Title 9, Government Code, is amended   by adding Chapter 1253 to read as follows:   CHAPTER 1253.  USE OF BOND PROCEEDS BY POLITICAL SUBDIVISIONS FOR   OTHER PURPOSES          Sec. 1253.001.  DEFINITION. In this chapter, "political   subdivision" means a county, municipality, school district, junior   college district, other special district, or other subdivision of   state government.          Sec. 1253.002.  USE OF UNSPENT GENERAL OBLIGATION BOND   PROCEEDS. A political subdivision may use the unspent proceeds of   issued general obligation bonds only:                (1)  for the specific purpose for which the bonds were   issued;                (2)  to retire the bonds; or                (3)  for a purpose other than the specific purpose for   which the bonds were issued if:                      (A)  the specific purpose is accomplished or   abandoned; and                      (B)  a majority of the votes cast in an election   held in the political subdivision approve the use of the proceeds   for the proposed purpose.          Sec. 1253.003.  ELECTION PROCEDURES.  (a)  The election   order and the notice of election for an election authorized to be   held under Section 1253.002 must state the proposed purpose for   which the bond proceeds are to be used.          (b)  A political subdivision must hold the election in the   same manner as an election to issue bonds in the political   subdivision.          SECTION 3.  Chapter 1332, Government Code, is repealed.          SECTION 4.  Section 52.072(e), Election Code, as amended by   this Act, applies only to an election ordered on or after the   effective date of this Act. An election ordered before the   effective date of this Act is governed by the law in effect when the   election was ordered.          SECTION 5.  This Act takes effect January 1, 2018.