Bill Text: TX HB2401 | 2015-2016 | 84th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the powers of the Crosswinds Municipal Utility District; providing authority to issue bonds for road projects.
Spectrum: Bipartisan Bill
Status: (Enrolled - Dead) 2015-06-16 - Effective immediately [HB2401 Detail]
Download: Texas-2015-HB2401-Introduced.html
Bill Title: Relating to the powers of the Crosswinds Municipal Utility District; providing authority to issue bonds for road projects.
Spectrum: Bipartisan Bill
Status: (Enrolled - Dead) 2015-06-16 - Effective immediately [HB2401 Detail]
Download: Texas-2015-HB2401-Introduced.html
84R6126 GRM-F | ||
By: Isaac | H.B. No. 2401 |
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relating to the powers of the Crosswinds Municipal Utility | ||
District; providing authority to issue bonds for road projects. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 8468.005(b), Special District Local Laws | ||
Code, is amended to read as follows: | ||
(b) The district is created to accomplish the purposes of: | ||
(1) a municipal utility district as provided by | ||
general law and Section 59, Article XVI, Texas Constitution; and | ||
(2) Section 52, Article III, Texas Constitution, that | ||
relate to the construction, acquisition, improvement, operation, | ||
or maintenance of macadamized, graveled, or paved roads, or | ||
improvements, including storm drainage, in aid of those roads. | ||
SECTION 2. Subchapter C, Chapter 8468, Special District | ||
Local Laws Code, is amended by adding Sections 8468.104 and | ||
8468.105 to read as follows: | ||
Sec. 8468.104. AUTHORITY FOR ROAD PROJECTS. Under Section | ||
52, Article III, Texas Constitution, the district may design, | ||
acquire, construct, finance, issue bonds for, improve, operate, | ||
maintain, and convey to this state, a county, or a municipality for | ||
operation and maintenance macadamized, graveled, or paved roads, or | ||
improvements, including storm drainage, in aid of those roads. | ||
Sec. 8468.105. ROAD STANDARDS AND REQUIREMENTS. (a) A road | ||
project must meet all applicable construction standards, zoning and | ||
subdivision requirements, and regulations of each municipality in | ||
whose corporate limits or extraterritorial jurisdiction the road | ||
project is located. | ||
(b) If a road project is not located in the corporate limits | ||
or extraterritorial jurisdiction of a municipality, the road | ||
project must meet all applicable construction standards, | ||
subdivision requirements, and regulations of each county in which | ||
the road project is located. | ||
(c) If the state will maintain and operate the road, the | ||
Texas Transportation Commission must approve the plans and | ||
specifications of the road project. | ||
SECTION 3. Section 8468.151, Special District Local Laws | ||
Code, is amended by adding Subsection (c) to read as follows: | ||
(c) The district may not issue bonds payable from ad valorem | ||
taxes to finance a road project unless the issuance is approved by a | ||
vote of a two-thirds majority of the district voters voting at an | ||
election held for that purpose. | ||
SECTION 4. Subchapter E, Chapter 8468, Special District | ||
Local Laws Code, is amended by adding Section 8468.203 to read as | ||
follows: | ||
Sec. 8468.203. BONDS FOR ROAD PROJECTS. At the time of | ||
issuance, the total principal amount of bonds or other obligations | ||
issued or incurred to finance road projects and payable from ad | ||
valorem taxes may not exceed one-fourth of the assessed value of the | ||
real property in the district. | ||
SECTION 5. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2015. |