Bill Text: TX HB4663 | 2021-2022 | 87th Legislature | Enrolled
Bill Title: Relating to the powers of the Hidalgo County Drainage District Number 1; authorizing the issuance of bonds.
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Passed) 2021-06-18 - Effective on 9/1/21 [HB4663 Detail]
Download: Texas-2021-HB4663-Enrolled.html
H.B. No. 4663 |
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relating to the powers of the Hidalgo County Drainage District | ||
Number 1; authorizing the issuance of bonds. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. In this Act, "district" means the Hidalgo County | ||
Drainage District Number 1. | ||
SECTION 2. (a) District revenue bonds may be secured as | ||
described by a board resolution by a pledge of: | ||
(1) all or part of the district's gross revenue, other | ||
than taxation, minus the amount necessary to pay the cost of | ||
maintaining and operating the district and its property; | ||
(2) the net revenue of a contract made at any time; or | ||
(3) other revenue specified by board resolution. | ||
(b) The pledge may reserve the right to issue additional | ||
bonds on a parity with or subordinate to the bonds being issued, | ||
subject to conditions specified by the pledge. | ||
(c) District revenue bonds not payable wholly or partly from | ||
ad valorem taxes may be issued without an election. | ||
SECTION 3. (a) The district may sell reclaimed water at | ||
wholesale and sell reclaimed water on a retail basis to the extent | ||
that the sale does not conflict with a certificate of convenience | ||
and necessity. | ||
(b) The district may enter into public-private partnership | ||
agreements to fund infrastructure improvements needed to sell | ||
reclaimed water to consumers. | ||
SECTION 4. (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 5. 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, 2021. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 4663 was passed by the House on May | ||
14, 2021, by the following vote: Yeas 104, Nays 41, 2 present, not | ||
voting; and that the House concurred in Senate amendments to H.B. | ||
No. 4663 on May 28, 2021, by the following vote: Yeas 98, Nays 44, | ||
2 present, not voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 4663 was passed by the Senate, with | ||
amendments, on May 24, 2021, by the following vote: Yeas 30, Nays | ||
0. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: __________________ | ||
Date | ||
__________________ | ||
Governor |