Relating to the authority of a development corporation created by the Gulf Coast Authority to finance certain projects.
Bill overview
Relating to the authority of a development corporation created by the Gulf Coast Authority to finance certain projects.
Reference notes
HB 3255 sources, status methodology and verification
Sources
- HB 3255 official legislative recordPrimary bill-status record.
- Current official bill textOfficial bill text or printing.
Methodology
KeepTXRed treats the official legislative record and latest official action as the factual status layer for HB 3255. Status labels are normalized for browsing, while the legislative timeline and documents preserve official action text and source links. Any KeepTXRed explanation below is editorial context and remains separate from the official record.
Last verified
Legislative record synchronized September 3, 2026 at 11:55 PM UTC; latest recorded official action May 1, 2025.
Bill → law → agency context
This relationship layer distinguishes what the normalized official record can prove from what it cannot. Enactment and effective dates come from the bill record. Agency names below are shown only when an official fiscal document supplies a verified agency reference; being cited in a fiscal note does not by itself prove that the agency administers the resulting law.
Official fiscal-note agency context
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KeepTXRed explanation
This reviewed explanation is separate from the official bill record and is provided for general information, not legal advice.
KeepTXRed summary
HB 3255 was a House-passed proposal expanding the financing powers of a development corporation created by the Gulf Coast Authority. It did not become law.
What would change
The proposal would have allowed a Gulf Coast Authority development corporation to act as a conduit financer for a broad range of projects inside or outside Texas, including educational and housing facilities, health facilities, nonprofit facilities, energy production or storage, telecommunications infrastructure and certain natural-gas or electricity acquisitions, with special procedures for out-of-state public securities.
Who may be affected
The Gulf Coast Authority and its development corporations, local governments, nonprofit and educational institutions, energy and telecommunications projects, investors and public-finance participants.
When it would take effect
HB 3255 did not take effect. It passed the House and was referred to Senate Economic Development on May 1, 2025, but did not receive final Senate passage.
Limits and uncertainty
No expanded Gulf Coast Authority development-corporation financing power was enacted through HB 3255. Existing development-corporation and public-finance authority remains controlling.
Editorial sources and review notes
Official House substitute, analysis and legislative stages reviewed.
Editorial explanation reviewed 9/6/2026.
Current status
Passed
Referred to Economic Development
Latest official action
Referred to Economic Development
May 1, 2025 · house
Who this bill may affect
A verified audience or subject classification has not been attached to this bill yet.
Use the bill overview and official documents to determine whether the proposal may apply to you, your business, or a public agency.
Sponsors
Committee history
- Trade, Workforce & Economic Development
Out of committee
- Economic Development
In committee
Legislative timeline
Referred to Economic Development
house · latest_action
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Official recordConsidered in Local & Consent Calendars
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Official recordReturned to Local & Consent Calendars Comm.
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Official recordWithdrawn from calendar (contested)
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Official recordConsidered in Local & Consent Calendars
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Official recordCommittee report distributed
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Official recordReported favorably as substituted
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Official recordScheduled for public hearing on . . .
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Official recordReferred to Trade, Workforce & Economic Development
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Official recordFiled
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Official record
Official bill text
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Related articles
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Ranked by official relationships such as sponsorship, committee referral, district, election, session, and direct news coverage.
Representative: ben bumgarner
author
Representative: dennis paul
author
Representative: terri leo wilson
author
District: texas house district 129
sponsor district
District: texas house district 23
sponsor district
District: texas house district 63
sponsor district