Bill Text: TX HB4082 | 2023-2024 | 88th Legislature | Enrolled
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-Enrolled.html
H.B. No. 4082 |
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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; | ||
(B) means the rehabilitation, expansion, | ||
reconstruction, or maintenance of an existing stadium, arena, civic | ||
center, convention center, or coliseum that is owned and operated | ||
by the municipality or county or by an entity created to act on | ||
behalf of the municipality or county; and | ||
(C) does not include: | ||
(i) a facility for which more than 50 | ||
percent of the average annual usage is or is intended to be for | ||
professional or semi-professional sports; | ||
(ii) a new stadium, arena, civic center, | ||
convention center, or coliseum that is or is intended to be leased | ||
by a single for-profit tenant for more than 180 days in a single | ||
calendar year; 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. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 4082 was passed by the House on May 4, | ||
2023, by the following vote: Yeas 122, Nays 20, 1 present, not | ||
voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 4082 was passed by the Senate on May | ||
23, 2023, by the following vote: Yeas 20, Nays 11. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: _____________________ | ||
Date | ||
_____________________ | ||
Governor |