Bill Text: TX HB3523 | 2023-2024 | 88th Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to limitations on the issuance of bonds by the Texas Water Development Board for the development of certain projects in economically distressed areas.

Spectrum: Slight Partisan Bill (Democrat 6-3)

Status: (Engrossed - Dead) 2023-05-05 - Referred to Water, Agriculture, & Rural Affairs [HB3523 Detail]

Download: Texas-2023-HB3523-Introduced.html

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88R12148 JAM-F
By: González of El Paso H.B. No. 3523

A BILL TO BE ENTITLED
AN ACT
relating to limitations on the issuance of bonds by the Texas Water
Development Board for the development of certain projects in
economically distressed areas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 17.0112(a), Water Code, is amended to
read as follows:
(a) The board may issue not more than $100 [$25] million in
bonds [dedicated under Section 17.0111 of this code and may issue
not more than $50 million in bonds] authorized under Article III,
Texas Constitution, during a fiscal year to provide financial
assistance for water supply and sewer services as provided under
Subchapter K of this chapter.
SECTION 2. This Act takes effect September 1, 2023.