By: Blanco S.B. No. 938
A BILL TO BE ENTITLED
AN ACT
relating to the issuance by certain conservation and reclamation
districts of bonds for the development and maintenance of
recreational facilities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 49.4645(a), Water Code, is amended to
read as follows:
(a) A district all or part of which is located in Bastrop
County, Bexar County, Waller County, Travis County, Williamson
County, Harris County, Galveston County, Brazoria County,
Montgomery County, El Paso County, or Fort Bend County may issue
bonds supported by ad valorem taxes to pay for the development and
maintenance of recreational facilities only if the bonds are
authorized by a majority vote of the voters of the district voting
in an election held for that purpose. Except as provided by
Subsection (a-1), the outstanding principal amount of bonds, notes,
and other obligations issued to finance [parks and] recreational
facilities supported by ad valorem taxes may not exceed an amount
equal to one percent of the value of the taxable property in the
district as shown by the tax rolls of the central appraisal district
at the time of the issuance of the bonds, notes, and other
obligations. To establish the value of the taxable property in a
district under this section, the district may use an estimate of the
value provided by the central appraisal district. The district may
not issue bonds supported by ad valorem taxes to pay for the
development and maintenance of:
(1) indoor or outdoor swimming pools; or
(2) golf courses.
SECTION 2. This Act takes effect on the date on which the
constitutional amendment proposed by the 88th Legislature, Regular
Session, 2023, relating to the authority of the legislature to
permit conservation and reclamation districts in El Paso County to
issue bonds supported by ad valorem taxes to fund the development
and maintenance of parks and recreational facilities is approved by
the voters. If that amendment is not approved by the voters, this
Act has no effect.