90th General Assembly
Summary of HB2110
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House Sponsors:

Short description: 
PROP TX-PTELL-BAN LIMITED BOND                                             

Synopsis of Bill as introduced:
        Amends the Local Government Debt Reform Act and the Property  Tax      
   Extension Limitation Law in the Property Tax Code.  Provides that upon      
   the  filing  of  a  petition  signed  by at least 5% of the registered      
   voters in a taxing district subject to the Law, a referendum shall  be      
   held  on  the  question  of  whether  to  continue to allow the taxing      
   district (i)  to  issue  "limited"  bonds  and  (ii)  to  exclude  the      
   extensions  made  for  the  payment  and  principal  and  interest  of      
   "limited"   bonds  and  "double-barrelled"  bonds  in  the  "aggregate      
   extension" of the taxing district.  Provides that if the referendum is      
   approved,  the taxing district may no longer issue "limited" bonds  or      
   exclude  the  special  extensions  in  that  taxing  district made for      
   payments  of  principal  and   interest   of   "limited"   bonds   and      
   "double-barrelled" bonds from the "aggregate extension".                    
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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