Bill Text: TX HB3814 | 2011-2012 | 82nd Legislature | Enrolled
Bill Title: Relating to certain financial powers and duties of the Travis-Creedmoor Municipal Utility District.
Spectrum: Bipartisan Bill
Status: (Passed) 2011-06-17 - Effective immediately [HB3814 Detail]
Download: Texas-2011-HB3814-Enrolled.html
| H.B. No. 3814 | ||
|
|
||
| relating to certain financial powers and duties of the | ||
| Travis-Creedmoor Municipal Utility District. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter C, Chapter 8163, Special District | ||
| Local Laws Code, is amended by adding Section 8163.105 to read as | ||
| follows: | ||
| Sec. 8163.105. NO ALLOCATION AGREEMENT. Section 54.016(f), | ||
| Water Code, does not apply to the district. | ||
| SECTION 2. Subchapter E, Chapter 8163, Special District | ||
| Local Laws Code, is amended by adding Section 8163.203 to read as | ||
| follows: | ||
| Sec. 8163.203. BOND PROVISIONS. (a) Notwithstanding any | ||
| other law, district bonds may be sold at a public or private sale | ||
| according to terms and procedures the board determines. | ||
| (b) In connection with the issuance of bonds, the board may: | ||
| (1) prescribe the maximum principal amount of bonds to | ||
| be issued and the rate of interest the bonds may bear in accordance | ||
| with Section 1204.006, Government Code; | ||
| (2) recite the public purpose for which one or more | ||
| series of bonds are issued; | ||
| (3) delegate to an officer or employee of the district | ||
| the authority to effect the sale of one or more series of bonds; and | ||
| (4) determine the period, not to exceed one year after | ||
| the date the district adopts the order or resolution delegating the | ||
| authority under Subdivision (3), during which that authority must | ||
| be exercised. | ||
| (c) In exercising the authority delegated by the board to an | ||
| officer or employee, the officer or employee may establish the | ||
| terms and details related to the issuance and sale of the bonds, | ||
| including: | ||
| (1) the form and designation of the bonds; | ||
| (2) the principal amount of the bonds and the amount of | ||
| the bonds to mature in each year; | ||
| (3) the dates, price, interest rates, interest payment | ||
| dates, principal payment dates, and redemption features of the | ||
| bonds; and | ||
| (4) any other details relating to the issuance and | ||
| sale of the bonds as specified by the board in the proceedings | ||
| authorizing the issuance of the bonds. | ||
| (d) A finding or determination made by an officer or | ||
| employee acting under the authority delegated to the officer or | ||
| employee has the same force and effect as a finding or determination | ||
| made by the board. | ||
| SECTION 3. (a) The legal notice of the intention to | ||
| introduce this Act, setting forth the general substance of this | ||
| Act, has been published as provided by law, and the notice and a | ||
| copy of this Act have been furnished to all persons, agencies, | ||
| officials, or entities to which they are required to be furnished | ||
| under Section 59, Article XVI, Texas Constitution, and Chapter 313, | ||
| Government Code. | ||
| (b) The governor, one of the required recipients, has | ||
| submitted the notice and Act to the Texas Commission on | ||
| Environmental Quality. | ||
| (c) The Texas Commission on Environmental Quality has filed | ||
| its recommendations relating to this Act with the governor, the | ||
| lieutenant governor, and the speaker of the house of | ||
| representatives within the required time. | ||
| (d) All requirements of the constitution and laws of this | ||
| state and the rules and procedures of the legislature with respect | ||
| to the notice, introduction, and passage of this Act are fulfilled | ||
| and accomplished. | ||
| SECTION 4. 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, 2011. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I certify that H.B. No. 3814 was passed by the House on May 3, | ||
| 2011, by the following vote: Yeas 144, Nays 0, 1 present, not | ||
| voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| I certify that H.B. No. 3814 was passed by the Senate on May | ||
| 19, 2011, by the following vote: Yeas 31, Nays 0 | ||
| . | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| APPROVED: _____________________ | ||
| Date | ||
| _____________________ | ||
| Governor | ||
