Bill Text: TX HB4082 | 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 the purposes for which a municipality or county may issue an anticipation note or certificate of obligation.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Passed) 2023-06-18 - Effective on 9/1/23 [HB4082 Detail]

Download: Texas-2023-HB4082-Introduced.html

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88R15549 TYPED
By: Goldman H.B. No. 4082

A BILL TO BE ENTITLED
AN ACT
relating to purposes for which certificates of obligation or tax
anticipation notes may be authorized.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 271.043, Local Government Code, is
amended by adding Subdivision (7-a) to read as follows:
(7-a) "Public work":
(A) means, for a municipality or county, the
following public improvements as authorized by law:
(i) Streets, roads, highways, bridges,
sidewalks, landfills, parking structures, or airports;
(ii Utility system, water supply project,
water plant, wastewater plant, water and wastewater conveyance
facility, wharf, dock, or flood control and drainage project;
(iii) Police stations, fire stations, or
other public safety facilities, emergency shelters, jails,
juvenile detention facilities, judicial facilities, animal
shelters, libraries;
(iv) Administrative office buildings for
housing governmental functions of a municipality or county; or
(v) Parks and recreation facilities that
are generally accessible to the public and are dedicated as part of
the municipal or county park system.
(B) does not include facilities for
semi-professional or professional sports, stadia, arenas, civic
centers, convention centers, hotels, or coliseums.
SECTION 2. Section 1431.001, Government Code, is amended by
adding Subdivision (7) to read as follows:
(7) "Public work" for a municipality or county has the
meaning assigned by Section 271.043(7-a), Local Government Code.
SECTION 3. The changes in law made by this Act apply only to
a certificate of obligation or tax anticipation note issued on or
after the effective date of this Act. A certificate of obligation
or tax anticipation note issued before the effective date of this
Act is governed by the law in effect immediately before the
effective date of this Act, and the former law is continued in
effect for that purpose.
SECTION 4. This Act takes effect September 1, 2023.