Bill Text: TX SB2229 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to the powers of the Hidalgo County Drainage District Number 1; authorizing the issuance of bonds.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2021-05-14 - Recommendations filed with the Senate [SB2229 Detail]
Download: Texas-2021-SB2229-Introduced.html
| 87R11341 SLB-D | ||
| By: Hinojosa | S.B. No. 2229 | |
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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 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 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 to | ||
| consumers. | ||
| (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. | ||
