Relating to the power of the Cibolo Creek Municipal Authority to issue bonds.
Impact
The enactment of HB 2162 will grant the Cibolo Creek Municipal Authority more robust financial tools to issue bonds which can be crucial for funding municipal projects. The bill exempts the authority from certain restrictions outlined in the Water Code, thus expanding its ability to navigate financial markets to secure funding. This legislative change is expected to increase the Authority's capacity to undertake significant projects that are vital for local economic development and environmental quality management.
Summary
House Bill 2162 addresses the authority of the Cibolo Creek Municipal Authority concerning its ability to issue bonds. Specifically, the bill amends the Special District Local Laws Code by adding provisions that formalize the district's rights, powers, duties, and obligations as an issuer under state bond regulations. This measure is aimed at enhancing the financial autonomy of the Municipal Authority, enabling it to better manage and finance projects that benefit the local community, particularly in water management and infrastructure improvements.
Contention
While the bill appears to streamline the bonding process for the Cibolo Creek Municipal Authority, there may be concerns regarding the oversight and accountability of such financing. Opponents might argue that the expanded powers could lead to potential mismanagement or lack of transparency in how funds are allocated and utilized. Additionally, stakeholders within the community might express concerns about the implications of bond issuance on local taxpayers, especially if debts are not managed prudently.
Relating to the powers and duties of the Fort Bend County Municipal Utility District No. 147; providing authority to issue bonds and impose fees and taxes.
Relating to the powers and duties of the Stanley Lake Municipal Utility District; providing authority to issue bonds; providing authority to impose fees and taxes.
Relating to the powers and duties of the Stanley Lake Municipal Utility District; providing authority to issue bonds; providing authority to impose fees and taxes.
Relating to the creation of the Deer Creek Ranch Municipal Utility District No. 1; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the board of directors and powers and duties of the Twinwood Municipal Utility District No. 1; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Knob Creek Municipal Utility District of Bell County; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Knob Creek Municipal Utility District of Bell County; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Blanton Creek Estates Municipal Utility District of Fannin County; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Blanton Creek Estates Municipal Utility District of Fannin County; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.