85R2826 MK-D     By: Bettencourt S.B. No. 151       A BILL TO BE ENTITLED   AN ACT   relating to voter approval of obligations for certain municipal   liabilities to a public pension fund.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Chapter 107, Local Government Code, is amended   by adding Section 107.0035 to read as follows:          Sec. 107.0035.  VOTER APPROVAL REQUIRED FOR PENSION FUND   OBLIGATIONS.  A municipality may issue an obligation under Section   107.003 only if the issuance is approved by a majority of the   qualified voters of the municipality voting at an election held for   that purpose.          SECTION 2.  Section 107.0035, Local Government Code, as   added by this Act, applies only to obligations for which the   governing body of a municipality executes an agreement under   Section 107.003(b), Local Government Code, on or after the   effective date of this Act.          SECTION 3.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2017.