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SB1024
In Calendar Committee in Other Chamber Authored by Paul Bettencourt (R) View at Source
Caption: Relating to the issuance of certain anticipation notes and certificates of obligation. Initially Referred to Senate Local Government Committee, chaired by a Republican Last Referred to House Pensions, Investments & Financial Services Committee, chaired by a Republican
SB 1024 imposes restrictions on the issuance of anticipation notes and certificates of obligation by local governments. It prohibits a governing body from authorizing such financial instruments to fund a project if a bond proposition for the same purpose was submitted to voters within the previous five years and failed. However, exceptions are allowed in cases of natural disaster response, federal court orders, or legal compliance issues. The bill extends the waiting period from three years to five years for issuing certificates of obligation when a similar bond measure has been rejected by voters.
Co-authors: Sparks (R) Sponsors: Capriglione (R)
(S) Capriglione signed onto the bill as
Jan 30, 2025
(S) Bettencourt signed onto the bill as Author (S) Received by the Secretary of the Senate (S) Filed
Feb 24, 2025
(S) Read first time (S) Referred to the Senate Local Government, chaired by a Republican
Mar 10, 2025
(S) Scheduled for public hearing on . . . (S) Considered in public hearing (S) Testimony taken in committee (S) Left pending in committee
Mar 13, 2025
(S) Considered in public hearing (S) Vote taken in committee
Mar 17, 2025
(S) Reported favorably w/o amendments (S) Committee report printed and distributed
Mar 26, 2025
(S) Placed on intent calendar
Mar 31, 2025
(S) Sparks signed onto the bill as Coauthor (S) Co-author authorized (S) Rules suspended-Regular order of business (S) Record vote
20250331_SB1024_2R: Yea 22 (R 19, D 3) - Nay 8 (R 0, D 8)
Yea - A. Hinojosa; Bettencourt; Birdwell; Blanco; Campbell; Creighton; Flores; Hagenbuch; Hall; Hancock; Huffman; Hughes; J. Hinojosa; Kolkhorst; Middleton; Nichols; Parker; Paxton; Perry; Schwertner; Sparks; West
You can view which lawmakers have received money from a specific PAC by selecting the PAC from the list below:
(S) Record vote (S) Reported engrossed
Apr 1, 2025
(H) Received from the Senate
Apr 22, 2025
(H) Read first time (H) Referred to the House Pensions, Investments & Financial Services, chaired by a Republican
May 12, 2025
(H) Scheduled for public hearing on . . . (H) Considered in public hearing (H) Testimony taken/registration(s) recorded in committee (H) Left pending in committee
May 20, 2025
(H) Considered in formal meeting (H) Committee substitute considered in committee (H) Failed to receive affirmative vote in comm.
May 22, 2025
(H) Considered in formal meeting (H) Reported favorably as substituted
May 25, 2025
(H) Comte report filed with Committee Coordinator (H) Committee report distributed (H) Committee report sent to Calendars
Lobbying Against/For/On This Bill
Against
(Mon 5/12/2025) Testifying before H Pensions, Investments & Financial Services as Adam Haynes for Conference of Urban Counties (Mon 5/12/2025) Testifying before H Pensions, Investments & Financial Services as Barbara Parker for El Paso County (Mon 3/10/2025) Registering before S Local Government as Amber Hausenfluck for City of McAllen (Mon 3/10/2025) Registering before S Local Government as Angela Hale for City of McKinney (Mon 3/10/2025) Registering before S Local Government as Ariel Traub for City of Garland (Mon 5/12/2025) Registering before H Pensions, Investments & Financial Services as Clifford Sparks for City of Dallas (Mon 3/10/2025) Registering before S Local Government as Elisa Tamayo for El Paso County (Mon 5/12/2025) Registering before H Pensions, Investments & Financial Services as Joshua Sanders for City of Houston (Mon 5/12/2025) Registering before H Pensions, Investments & Financial Services as Julie Wheeler for Travis County Commissioners Court (Mon 5/12/2025) Registering before H Pensions, Investments & Financial Services as Kent Souriyasak for City of Leander (Mon 5/12/2025) Registering before H Pensions, Investments & Financial Services as Richard Ramirez for Hilltop Securities Inc (Mon 5/12/2025) Registering before H Pensions, Investments & Financial Services as Richard Ramirez for self (Mon 3/10/2025) Registering before S Local Government as Rick Thompson for County Judges and Commissioners Association of Texas (CJCAT) (Mon 5/12/2025) Registering before H Pensions, Investments & Financial Services as Rick Thompson for County Judges and Commissioners Association of Texas (CJCAT) (Mon 5/12/2025) Registering before H Pensions, Investments & Financial Services as Santiago Franco for Harris County Commissioners Court (Mon 5/12/2025) Registering before H Pensions, Investments & Financial Services as T. Patterson for City of Fort Worth
(Mon 3/10/2025) Testifying before S Local Government as Adam Haynes for Conference of Urban Counties (Mon 5/12/2025) Testifying before H Pensions, Investments & Financial Services as John Zagurski for self (with Town of Flower Mound) (Mon 3/10/2025) Testifying before S Local Government as John Zagurski for self (with Town of flower mound/gfoat) (Mon 5/12/2025) Registering before H Pensions, Investments & Financial Services as Monty Wynn for Texas Municipal League
