Relating to the issuance of certificates of obligation by certain local governments.

HB 105 amends Texas Local Government Code provisions governing certificates of obligation issued by local governments. It clarifies that "issuers" include municipalities, counties, and certain hospital districts, and defines "public work" to include projects like streets, water systems, public safety facilities, and recreation areas - while excluding facilities used primarily for sports (over 50% usage) or leased long-term to for-profit tenants. The bill also adds demolition of dangerous structures (and restoration of historic structures) as an allowable purpose for these certificates. Additionally, it shortens the maximum maturity period for such certificates from 40 to 30 years and maintains interest rate restrictions.