| 1 | | - | By: Gooden, Burkett (Senate Sponsor - Hall) H.B. No. 1709 |
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| 2 | | - | (In the Senate - Received from the House April 3, 2017; |
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| 3 | | - | April 12, 2017, read first time and referred to Committee on |
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| 4 | | - | Intergovernmental Relations; May 9, 2017, reported favorably by |
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| 5 | | - | the following vote: Yeas 7, Nays 0; May 9, 2017, sent to printer.) |
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| 6 | | - | Click here to see the committee vote |
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| 1 | + | H.B. No. 1709 |
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| 10 | 4 | | AN ACT |
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| 11 | 5 | | relating to procedures for the dissolution of the Bois D'Arc Island |
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| 12 | 6 | | Levee Improvement District of Dallas and Kaufman Counties. |
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| 13 | 7 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 14 | 8 | | SECTION 1. Subchapter A, Chapter 7801, Special District |
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| 15 | 9 | | Local Laws Code, is amended by adding Section 7801.003 to read as |
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| 16 | 10 | | follows: |
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| 17 | 11 | | Sec. 7801.003. DISSOLUTION OF DISTRICT. (a) Not later than |
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| 18 | 12 | | 18 months after the next regularly scheduled election of directors |
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| 19 | 13 | | under Section 7801.051, the Commissioners Courts of Dallas and |
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| 20 | 14 | | Kaufman Counties may dissolve the district if: |
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| 21 | 15 | | (1) at that election, the appropriate number of |
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| 22 | 16 | | directors under Section 7801.051(c) are not elected; or |
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| 23 | 17 | | (2) the directors elected at that election fail to |
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| 24 | 18 | | attend 50 percent of the board meetings scheduled during the 12 |
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| 25 | 19 | | months following that election. |
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| 26 | 20 | | (b) To dissolve the district under Subsection (a), the |
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| 27 | 21 | | Commissioners Courts of Dallas County and Kaufman County each must |
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| 28 | 22 | | issue an order dissolving the district. The orders must provide for |
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| 29 | 23 | | the: |
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| 30 | 24 | | (1) sale or transfer of the district's assets and |
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| 31 | 25 | | liabilities; |
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| 32 | 26 | | (2) administration of property, assets, and debts of |
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| 33 | 27 | | the district until all money has been disposed of and all district |
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| 34 | 28 | | debts have been paid or settled; and |
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| 35 | 29 | | (3) continued provision of the district's services |
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| 36 | 30 | | without interruption to the extent the district has been providing |
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| 37 | 31 | | services. |
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| 38 | 32 | | (c) The dissolution of the district and the sale or transfer |
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| 39 | 33 | | of the district's assets and liabilities may not: |
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| 40 | 34 | | (1) violate a trust indenture or bond resolution |
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| 41 | 35 | | relating to the outstanding bonds of the district; or |
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| 42 | 36 | | (2) diminish or impair the rights of the holders of |
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| 43 | 37 | | outstanding bonds, warrants, or other obligations of the district. |
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| 44 | 38 | | (d) This section expires January 1, 2020. |
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| 45 | 39 | | SECTION 2. This Act takes effect September 1, 2017. |
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| 46 | | - | * * * * * |
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| 40 | + | ______________________________ ______________________________ |
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| 41 | + | President of the Senate Speaker of the House |
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| 42 | + | I certify that H.B. No. 1709 was passed by the House on March |
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| 43 | + | 30, 2017, by the following vote: Yeas 141, Nays 0, 1 present, not |
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| 44 | + | voting. |
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| 45 | + | ______________________________ |
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| 46 | + | Chief Clerk of the House |
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| 47 | + | I certify that H.B. No. 1709 was passed by the Senate on May |
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| 48 | + | 12, 2017, by the following vote: Yeas 31, Nays 0. |
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| 49 | + | ______________________________ |
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| 50 | + | Secretary of the Senate |
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| 51 | + | APPROVED: _____________________ |
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| 52 | + | Date |
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| 53 | + | _____________________ |
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| 54 | + | Governor |
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