Texas 2019 - 86th Regular

Texas House Bill HB1488 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	H.B. No. 1488
	1	+	By: Harless (Senate Sponsor - Bettencourt) H.B. No. 1488
	2	+	(In the Senate - Received from the House April 15, 2019;
	3	+	April 16, 2019, read first time and referred to Committee on
	4	+	Intergovernmental Relations; May 9, 2019, reported favorably by
	5	+	the following vote: Yeas 7, Nays 0; May 9, 2019, sent to printer.)
	6	+	Click here to see the committee vote
2	7
3	8
	9	+	A BILL TO BE ENTITLED
4	10		AN ACT
5	11		relating to financing of recreational facilities by the Charterwood
6	12		Municipal Utility District of Harris County; providing authority to
7	13		issue bonds.
8	14		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
9	15		SECTION 1. Subtitle F, Title 6, Special District Local Laws
10	16		Code, is amended by adding Chapter 8054 to read as follows:
11	17		CHAPTER 8054. CHARTERWOOD MUNICIPAL UTILITY DISTRICT OF HARRIS
12	18		COUNTY
13	19		SUBCHAPTER A. GENERAL PROVISIONS
14	20		Sec. 8054.0101. DEFINITIONS. In this chapter:
15	21		(1) "District" means the Charterwood Municipal
16	22		Utility District of Harris County.
17	23		(2) "Recreational facilities" has the meaning
18	24		assigned by Section 49.462, Water Code.
19	25		SUBCHAPTER B. BONDS AND OTHER OBLIGATIONS
20	26		Sec. 8054.0201. BONDS FOR RECREATIONAL FACILITIES. (a)
21	27		The limitation on the outstanding principal amount of bonds, notes,
22	28		and other obligations provided by Section 49.4645(a), Water Code,
23	29		does not apply to the district.
24	30		(b) The outstanding principal amount of bonds, notes, and
25	31		other obligations issued to finance recreational facilities
26	32		supported by ad valorem taxes may not exceed:
27	33		(1) an amount equal to three percent of the value of
28	34		the taxable property in the district; or
29	35		(2) if supported by contract taxes under Section
30	36		49.108, Water Code, an amount equal to three percent of the value of
31	37		the taxable property in the districts making payments under the
32	38		contract.
33	39		(c) The amounts described by Subsection (b) are calculated
34	40		based on the tax rolls of the central appraisal districts at the
35	41		time of the issuance of the bonds, notes, and other obligations.
36	42		SECTION 2. (a) The legal notice of the intention to
37	43		introduce this Act, setting forth the general substance of this
38	44		Act, has been published as provided by law, and the notice and a
39	45		copy of this Act have been furnished to all persons, agencies,
40	46		officials, or entities to which they are required to be furnished
41	47		under Section 59, Article XVI, Texas Constitution, and Chapter 313,
42	48		Government Code.
43	49		(b) The governor, one of the required recipients, has
44	50		submitted the notice and Act to the Texas Commission on
45	51		Environmental Quality.
46	52		(c) The Texas Commission on Environmental Quality has filed
47	53		its recommendations relating to this Act with the governor, the
48	54		lieutenant governor, and the speaker of the house of
49	55		representatives within the required time.
50	56		(d) All requirements of the constitution and laws of this
51	57		state and the rules and procedures of the legislature with respect
52	58		to the notice, introduction, and passage of this Act are fulfilled
53	59		and accomplished.
54	60		SECTION 3. This Act takes effect September 1, 2019.
55		-	______________________________ ______________________________
56		-	President of the Senate Speaker of the House
57		-	I certify that H.B. No. 1488 was passed by the House on April
58		-	12, 2019, by the following vote: Yeas 132, Nays 11, 2 present, not
59		-	voting.
60		-	______________________________
61		-	Chief Clerk of the House
62		-	I certify that H.B. No. 1488 was passed by the Senate on May
63		-	15, 2019, by the following vote: Yeas 28, Nays 3.
64		-	______________________________
65		-	Secretary of the Senate
66		-	APPROVED: _____________________
67		-	Date
68		-	_____________________
69		-	Governor
	61	+	* * * * *