87R11341 SLB-D
By: Hinojosa S.B. No. 2229
A BILL TO BE ENTITLED
AN ACT
relating to the powers of the Hidalgo County Drainage District
Number 1; authorizing the issuance of bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. In this Act, "district" means the Hidalgo County
Drainage District Number 1.
SECTION 2. (a) District bonds may be secured as described
by a board resolution by a pledge of:
(1) all or part of the district's gross revenue, other
than taxation, minus the amount necessary to pay the cost of
maintaining and operating the district and its property;
(2) the net revenue of a contract made at any time; or
(3) other revenue specified by board resolution.
(b) The pledge may reserve the right to issue additional
bonds on a parity with or subordinate to the bonds being issued,
subject to conditions specified by the pledge.
(c) District bonds not payable wholly or partly from ad
valorem taxes may be issued without an election.
SECTION 3. (a) The district may sell reclaimed water to
consumers.
(b) The district may enter into public-private partnership
agreements to fund infrastructure improvements needed to sell
reclaimed water to consumers.
SECTION 4. (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 5. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2021.