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AN ACT
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relating to the incontestability of certain contracts or leases |
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submitted to the attorney general by certain water districts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 49.184(e), Water Code, is amended to |
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read as follows: |
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(e) A contract or lease in which the proceeds of the |
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contract or lease are pledged to the payment of a bond may be |
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submitted to the attorney general along with the bond records, and, |
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if submitted, the approval by the attorney general of the bonds |
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shall constitute an approval of the contract or lease and the |
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contract or lease shall be incontestable. A contract or lease, |
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other than a contract or lease in which the proceeds of the contract |
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or lease are pledged to the payment of a bond, may be submitted to |
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the attorney general along with the bond records, and, if reviewed |
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and approved by the attorney general, the approval of the bonds |
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shall constitute an approval of the contract or lease and the |
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contract or lease shall be incontestable. |
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SECTION 2. The change in law made by this Act applies only |
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to a contract or lease submitted by a water district under Section |
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49.184, Water Code, as amended by this Act, to the attorney general |
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after the effective date of this Act. A contract or lease submitted |
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to the attorney general before the effective date of this Act is |
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governed by the law in effect at the time the contract or lease is |
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submitted, and that law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2017. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 1946 was passed by the House on May 6, |
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2017, by the following vote: Yeas 144, Nays 0, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 1946 was passed by the Senate on May |
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19, 2017, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |