Texas 2025 - 89th Regular

Texas House Bill HB5689 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	89R20600 JTZ-F
2	2	By: Hayes H.B. No. 5689
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7	7	A BILL TO BE ENTITLED
8	8	AN ACT
9	9	relating to the powers and duties and validating certain acts and
10	10	proceedings of the Cole Ranch Improvement District No. 1 of Denton
11	11	County, Texas.
12	12	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
13	13	SECTION 1. Section 3981.0503, Special District Local Laws
14	14	Code, is amended by amending Subsection (c) and adding Subsection
15	15	(d) to read as follows:
16	16	(c) The principal amount of bonds secured by ad valorem
17	17	taxes issued by the district in aggregate may not exceed 10 percent
18	18	of the assessed value of all real property in the district.
19	19	(d) The outstanding principal amount of bonds secured by
20	20	contract payments meeting the requirements of Section 3981.0504(2)
21	21	issued by the district in the aggregate may not exceed an amount
22	22	equal to 10 percent of the assessed value of all real property in
23	23	all districts making payments under the contract.
24	24	SECTION 2. (a) The legislature validates and confirms all
25	25	governmental acts and proceedings of the Cole Ranch Improvement
26	26	District No. 1 of Denton County, Texas, that were taken before the
27	27	effective date of this Act.
28	28	(b) This section does not apply to any matter that on the
29	29	effective date of this Act:
30	30	(1) is involved in litigation if the litigation
31	31	ultimately results in the matter being held invalid by a final court
32	32	judgment; or
33	33	(2) has been held invalid by a final court judgment.
34	34	SECTION 3. The Cole Ranch Improvement District No. 1 of
35	35	Denton County, Texas, retains all the rights, powers, privileges,
36	36	authority, duties, and functions that it had before the effective
37	37	date of this Act.
38	38	SECTION 4. (a) The legal notice of the intention to
39	39	introduce this Act, setting forth the general substance of this
40	40	Act, has been published as provided by law, and the notice and a
41	41	copy of this Act have been furnished to all persons, agencies,
42	42	officials, or entities to which they are required to be furnished
43	43	under Section 59, Article XVI, Texas Constitution, and Chapter 313,
44	44	Government Code.
45	45	(b) The governor, one of the required recipients, has
46	46	submitted the notice and Act to the Texas Commission on
47	47	Environmental Quality.
48	48	(c) The Texas Commission on Environmental Quality has filed
49	49	its recommendations relating to this Act with the governor, the
50	50	lieutenant governor, and the speaker of the house of
51	51	representatives within the required time.
52	52	(d) All requirements of the constitution and laws of this
53	53	state and the rules and procedures of the legislature with respect
54	54	to the notice, introduction, and passage of this Act are fulfilled
55	55	and accomplished.
56	56	SECTION 5. This Act takes effect immediately if it receives
57	57	a vote of two-thirds of all the members elected to each house, as
58	58	provided by Section 39, Article III, Texas Constitution. If this
59	59	Act does not receive the vote necessary for immediate effect, this
60	60	Act takes effect September 1, 2025.