Bill Text: TX HB4082 | 2023-2024 | 88th Legislature | Comm Sub

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-Comm_Sub.html

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88R21685 AMF-F
By: Goldman, Tepper H.B. No. 4082
Substitute the following for H.B. No. 4082:
By: Capriglione C.S.H.B. No. 4082

A BILL TO BE ENTITLED
AN ACT
relating to the purposes for which a municipality or county may
issue an anticipation note or certificate of obligation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1431.001, Government Code, is amended by
adding Subdivision (6) to read as follows:
(6) "Public work" for an issuer that is a municipality
or county has the meaning assigned by Section 271.043, Local
Government Code.
SECTION 2. Section 271.043, Local Government Code, is
amended by adding Subdivision (7-a) to read as follows:
(7-a) "Public work" for an issuer that is a
municipality or county:
(A) means any of the following public
improvements as authorized by law:
(i) a street, road, highway, bridge,
sidewalk, or parking structure;
(ii) a landfill;
(iii) an airport;
(iv) a utility system, water supply
project, water treatment plant, wastewater treatment plant, or
water or wastewater conveyance facility;
(v) a wharf or dock;
(vi) a flood control and drainage project;
(vii) a public safety facility, including a
police station, fire station, emergency shelter, jail, or juvenile
detention facility;
(viii) a judicial facility;
(ix) an administrative office building
housing the governmental functions of the municipality or county;
(x) an animal shelter;
(xi) a library; or
(xii) a park or recreation facility that is
generally accessible to the public and is part of the municipal or
county park system; and
(B) does not include:
(i) a facility for professional or
semi-professional sports;
(ii) a stadium, arena, civic center,
convention center, or coliseum; or
(iii) a hotel.
SECTION 3. The changes in law made by this Act apply only to
an anticipation note or certificate of obligation issued on or
after the effective date of this Act.
SECTION 4. This Act takes effect September 1, 2023.