HB 19 modifies the process for local governments in Texas to issue and repay debt using ad valorem tax revenue. It requires public notices regarding tax rate adoption to meet specific size and format requirements in newspapers. The bill mandates that elections for issuing bonds or increasing ad valorem tax rates must be held on the November uniform election date. Additionally, it limits the annual debt service obligations of local governments to no more than 20% of their average property tax collections over the preceding three fiscal years​.