Relating to the issuance and repayment of debt by local governments, including the adoption of an ad valorem tax rate and the use of ad valorem tax revenue for the repayment of debt.

HB 19 would establish rules for local governments (like cities and counties) regarding how they issue debt (such as bonds for projects) and repay it. The bill specifically requires local governments to set an ad valorem property tax rate (based on property value) and use the revenue from that tax to pay off the debt they issued. This directly affects local governments that borrow money for infrastructure or other projects. The bill focuses on creating a clear process for debt issuance and repayment using property tax revenue, without changing existing tax rates or borrowing limits. (Note: Summary based on bill title and committee actions; full text not available.)