Relating to the use or purchase or other acquisition of property under the Public Property Finance Act.

HB 3462 amends Texas Local Government Code sections related to property acquisitions under the Public Property Finance Act, primarily affecting school districts and other local governments purchasing or using real property. The bill requires governing bodies to publish a 60-day public notice before approving such contracts, summarizing key terms and estimating costs, and delays bid advertisements until after this period. If 5% of registered voters petition for a referendum within 60 days of notice, the contract cannot proceed without majority voter approval. It also clarifies that payments from non-tax sources (like maintenance taxes) do not count as debt under state tax law.