| 1 | 1 | | 87R11341 SLB-D |
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| 2 | 2 | | By: Hinojosa S.B. No. 2229 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the powers of the Hidalgo County Drainage District |
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| 8 | 8 | | Number 1; authorizing the issuance of bonds. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. In this Act, "district" means the Hidalgo County |
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| 11 | 11 | | Drainage District Number 1. |
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| 12 | 12 | | SECTION 2. (a) District bonds may be secured as described |
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| 13 | 13 | | by a board resolution by a pledge of: |
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| 14 | 14 | | (1) all or part of the district's gross revenue, other |
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| 15 | 15 | | than taxation, minus the amount necessary to pay the cost of |
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| 16 | 16 | | maintaining and operating the district and its property; |
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| 17 | 17 | | (2) the net revenue of a contract made at any time; or |
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| 18 | 18 | | (3) other revenue specified by board resolution. |
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| 19 | 19 | | (b) The pledge may reserve the right to issue additional |
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| 20 | 20 | | bonds on a parity with or subordinate to the bonds being issued, |
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| 21 | 21 | | subject to conditions specified by the pledge. |
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| 22 | 22 | | (c) District bonds not payable wholly or partly from ad |
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| 23 | 23 | | valorem taxes may be issued without an election. |
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| 24 | 24 | | SECTION 3. (a) The district may sell reclaimed water to |
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| 25 | 25 | | consumers. |
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| 26 | 26 | | (b) The district may enter into public-private partnership |
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| 27 | 27 | | agreements to fund infrastructure improvements needed to sell |
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| 28 | 28 | | reclaimed water to consumers. |
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| 29 | 29 | | SECTION 4. (a) The legal notice of the intention to |
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| 30 | 30 | | introduce this Act, setting forth the general substance of this |
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| 31 | 31 | | Act, has been published as provided by law, and the notice and a |
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| 32 | 32 | | copy of this Act have been furnished to all persons, agencies, |
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| 33 | 33 | | officials, or entities to which they are required to be furnished |
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| 34 | 34 | | under Section 59, Article XVI, Texas Constitution, and Chapter 313, |
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| 35 | 35 | | Government Code. |
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| 36 | 36 | | (b) The governor, one of the required recipients, has |
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| 37 | 37 | | submitted the notice and Act to the Texas Commission on |
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| 38 | 38 | | Environmental Quality. |
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| 39 | 39 | | (c) The Texas Commission on Environmental Quality has filed |
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| 40 | 40 | | its recommendations relating to this Act with the governor, the |
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| 41 | 41 | | lieutenant governor, and the speaker of the house of |
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| 42 | 42 | | representatives within the required time. |
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| 43 | 43 | | (d) All requirements of the constitution and laws of this |
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| 44 | 44 | | state and the rules and procedures of the legislature with respect |
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| 45 | 45 | | to the notice, introduction, and passage of this Act are fulfilled |
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| 46 | 46 | | and accomplished. |
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| 47 | 47 | | SECTION 5. This Act takes effect immediately if it receives |
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| 48 | 48 | | a vote of two-thirds of all the members elected to each house, as |
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| 49 | 49 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 50 | 50 | | Act does not receive the vote necessary for immediate effect, this |
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| 51 | 51 | | Act takes effect September 1, 2021. |
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