Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 4295 aims to limit the authority of political subdivisions to issue public securities if their debt-to-asset ratio reaches or exceeds 20%. The bill amends Chapter 1253 of the Government Code, expanding the chapter's scope beyond general obligation bonds to include all public securities issued by political subdivisions.
Author (1)
Matthew Shaheen
Contact the Author
Rep. Matthew Shaheen
Capitol Phone:
(512) 463-0594
Capitol Office:
CAP GS.6
E-Mail:
