· Context
Governor vetoes a bill limiting non-voter-approved debt after failed bond elections
SB 2035, filed after the Amarillo lawsuit, would have barred tax anticipation notes and certificates of obligation for five years in place of bonds voters had rejected for the same purpose. Gov. Greg Abbott vetoed it, saying it had "too many loopholes."[1]
What the sources say
- ✓ Verified
SB 2035 by Sen. Paul Bettencourt, which followed the Amarillo lawsuit, passed the Senate 25-6 and the House 102-42 and would have barred tax anticipation notes and certificates of obligation for five years in place of bonds rejected by voters for the same purpose; Gov. Greg Abbott vetoed it on June 13, 2023, saying it "has too many loopholes."[1]
- Senate vote
- 25-6
- House vote
- 102-42
- Ban years
- 5
- ✓ Verified
Texas Attorney General; City of Amarillo: A brief by Attorney General Ken Paxton in the appeal said Amarillo "thwarted the will of the voters"; the City argued Texas law does not require voter approval for tax anticipation notes or refunding bonds.[1]