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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of the Benbrook Water Authority to issue |
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bonds. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 12, Chapter 123, Acts of the 54th |
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Legislature, Regular Session, 1955, is amended to read as follows: |
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Sec. 12. After any bonds are authorized by the Authority, |
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such bonds and the record relating to their issuance shall be |
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submitted to the Attorney General for his examination as to the |
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validity thereof. Where such bonds recite that they are secured by |
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a pledge of the proceeds of a contract theretofore made between the |
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Authority and any city or other governmental agency or district, a |
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copy of such contract and the proceedings of the city or other |
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governmental agency or district authorizing such contract shall |
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also be submitted to the Attorney General. If such bonds have been |
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authorized and if such contracts have been made in accordance with |
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the Constitution and laws of the State of Texas he shall approve the |
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bonds and such contracts, and the bonds then shall be registered by |
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the Comptroller of Public Accounts. Thereafter, the bonds, and the |
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contracts, if any shall be valid and binding and shall be |
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incontestable for any cause. Section 49.181, Water Code, does not |
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apply to the Authority. |
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SECTION 2. (a) The legal notice of the intention to |
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introduce this Act, setting forth the general substance of this |
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Act, has been published as provided by law, and the notice and a |
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copy of this Act have been furnished to all persons, agencies, |
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officials, or entities to which they are required to be furnished |
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under Section 59, Article XVI, Texas Constitution, and Chapter 313, |
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Government Code. |
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(b) The governor, one of the required recipients, has |
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submitted the notice and Act to the Texas Commission on |
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Environmental Quality. |
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(c) The Texas Commission on Environmental Quality has filed |
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its recommendations relating to this Act with the governor, |
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lieutenant governor, and speaker of the house of representatives |
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within the required time. |
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(d) All requirements of the constitution and laws of this |
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state and the rules and procedures of the legislature with respect |
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to the notice, introduction, and passage of this Act have been |
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fulfilled and accomplished. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2023. |