85R23337 TSR-D
By: Parker H.B. No. 1946
Substitute the following for H.B. No. 1946:
By: Larson C.S.H.B. No. 1946
A BILL TO BE ENTITLED
AN ACT
relating to the incontestability of certain contracts or leases
submitted to the attorney general by certain water districts.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 49.184(e), Water Code, is amended to
read as follows:
(e) A contract or lease in which the proceeds of the
contract or lease are pledged to the payment of a bond may be
submitted to the attorney general along with the bond records, and,
if submitted, the approval by the attorney general of the bonds
shall constitute an approval of the contract or lease and the
contract or lease shall be incontestable.
SECTION 2. The change in law made by this Act applies only
to a contract or lease submitted by a water district under Section
49.184, Water Code, as amended by this Act, to the attorney general
after the effective date of this Act. A contract or lease submitted
to the attorney general before the effective date of this Act is
governed by the law in effect at the time the contract or lease is
submitted, and that law is continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2017.