81R9127 SGA-D
By: Rose H.B. No. 2441
A BILL TO BE ENTITLED
AN ACT
relating to the authority of conservation and reclamation districts
in Hays County to issue bonds supported by ad valorem taxes to fund
the development and maintenance of recreational facilities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 49.4645(a), Water Code, is amended to
read as follows:
(a) A district all or part of which is located in Bastrop
County, Bexar County, Waller County, Hays County, Travis County,
Williamson County, Harris County, Galveston County, Brazoria
County, Montgomery County, or Fort Bend County may issue bonds
supported by ad valorem taxes to pay for the development and
maintenance of recreational facilities only if the bonds are
authorized by a majority vote of the qualified voters of the
district voting in an election held for that purpose. The
outstanding principal amount of bonds, notes, and other obligations
issued to finance parks and recreational facilities payable from
any source may not exceed an amount equal to one percent of the
value of the taxable property in the district as shown by the tax
rolls of the central appraisal district at the time of the issuance
of the bonds, notes, and other obligations or an amount greater than
the estimated cost provided in the park plan under Subsection (b),
whichever is smaller. The district may not issue bonds supported
by ad valorem taxes to pay for the development and maintenance of:
(1) indoor or outdoor swimming pools; or
(2) golf courses.
SECTION 2. This Act takes effect on the date on which the
constitutional amendment proposed by the 81st Legislature, Regular
Session, 2009, authorizing the legislature to permit conservation
and reclamation districts in Hays County to issue bonds supported
by ad valorem taxes takes effect. If that amendment is not approved
by the voters, this Act has no effect.