H.B. No. 1488
AN ACT
relating to financing of recreational facilities by the Charterwood
Municipal Utility District of Harris County; providing authority to
issue bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subtitle F, Title 6, Special District Local Laws
Code, is amended by adding Chapter 8054 to read as follows:
CHAPTER 8054. CHARTERWOOD MUNICIPAL UTILITY DISTRICT OF HARRIS
COUNTY
SUBCHAPTER A. GENERAL PROVISIONS
Sec. 8054.0101. DEFINITIONS. In this chapter:
(1) "District" means the Charterwood Municipal
Utility District of Harris County.
(2) "Recreational facilities" has the meaning
assigned by Section 49.462, Water Code.
SUBCHAPTER B. BONDS AND OTHER OBLIGATIONS
Sec. 8054.0201. BONDS FOR RECREATIONAL FACILITIES. (a)
The limitation on the outstanding principal amount of bonds, notes,
and other obligations provided by Section 49.4645(a), Water Code,
does not apply to the district.
(b) The outstanding principal amount of bonds, notes, and
other obligations issued to finance recreational facilities
supported by ad valorem taxes may not exceed:
(1) an amount equal to three percent of the value of
the taxable property in the district; or
(2) if supported by contract taxes under Section
49.108, Water Code, an amount equal to three percent of the value of
the taxable property in the districts making payments under the
contract.
(c) The amounts described by Subsection (b) are calculated
based on the tax rolls of the central appraisal districts at the
time of the issuance of the bonds, notes, and other obligations.
SECTION 2. (a) The legal notice of the intention to
introduce this Act, setting forth the general substance of this
Act, has been published as provided by law, and the notice and a
copy of this Act have been furnished to all persons, agencies,
officials, or entities to which they are required to be furnished
under Section 59, Article XVI, Texas Constitution, and Chapter 313,
Government Code.
(b) The governor, one of the required recipients, has
submitted the notice and Act to the Texas Commission on
Environmental Quality.
(c) The Texas Commission on Environmental Quality has filed
its recommendations relating to this Act with the governor, the
lieutenant governor, and the speaker of the house of
representatives within the required time.
(d) All requirements of the constitution and laws of this
state and the rules and procedures of the legislature with respect
to the notice, introduction, and passage of this Act are fulfilled
and accomplished.
SECTION 3. This Act takes effect September 1, 2019.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 1488 was passed by the House on April
12, 2019, by the following vote: Yeas 132, Nays 11, 2 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 1488 was passed by the Senate on May
15, 2019, by the following vote: Yeas 28, Nays 3.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor