Relating to the vote required to approve the issuance of general obligation bonds by a political subdivision.

HB 50 requires that Texas political subdivisions (such as cities, counties, or school districts) must obtain approval from at least two-thirds of voters in an election to issue general obligation bonds. This replaces any previous lower voting threshold (e.g., simple majority) for bond authorizations. The rule applies only to bonds authorized on or after the bill's effective date, not to bonds already approved or issued before that date. The bill does not change existing requirements for other types of bonds or financial measures.