Texas SB 2572: Relating to a prohibition on the receipt of bond proceeds by persons who make a contribution to certain political committees.

Bill Text

By:AAMiddleton S.B.ANo.A2572
A BILL TO BE ENTITLED
AN ACT
relating to a prohibition on the receipt of bond proceeds by persons
who make a contribution to certain political committees.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTIONA1.AASubchapter A, Chapter 253, Election Code, is
amended by adding Section 253.008 to read as follows:
Sec.A253.008.AAPROHIBITION ON RECEIPT OF BOND PROCEEDS BY
PERSONS WHO CONTRIBUTE TO CERTAIN POLITICAL COMMITTEES. (a)
Notwithstanding any law, a person who makes a contribution to a
political committee that supports the issuance of a bond may not
receive money, including payment under a contract for goods or
services, from any proceeds in connection with the bond.
(b)AAA governmental entity may not award to a person who
violates Subsection (a) a public contract until the fifth
anniversary of the date of the violation.
SECTIONA2.AASection 253.008, Election Code, as added by this
Act, applies only to a contribution to a political committee that is
made on or after the effective date of this Act.
SECTIONA3.AAThis Act takes effect September 1, 2025.
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89R14543 CJD-D 1