|
|
|
A BILL TO BE ENTITLED
|
|
AN ACT
|
|
relating to purposes for which certificates of obligation or tax |
|
anticipation notes may be authorized. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Section 271.043, Local Government Code, is |
|
amended by adding Subdivision (7-a) to read as follows: |
|
(7-a) "Public work": |
|
(A) means, for a municipality or county, the |
|
following public improvements as authorized by law: |
|
(i) Streets, roads, highways, bridges, |
|
sidewalks, landfills, parking structures, or airports; |
|
(ii Utility system, water supply project, |
|
water plant, wastewater plant, water and wastewater conveyance |
|
facility, wharf, dock, or flood control and drainage project; |
|
(iii) Police stations, fire stations, or |
|
other public safety facilities, emergency shelters, jails, |
|
juvenile detention facilities, judicial facilities, animal |
|
shelters, libraries; |
|
(iv) Administrative office buildings for |
|
housing governmental functions of a municipality or county; or |
|
(v) Parks and recreation facilities that |
|
are generally accessible to the public and are dedicated as part of |
|
the municipal or county park system. |
|
(B) does not include facilities for |
|
semi-professional or professional sports, stadia, arenas, civic |
|
centers, convention centers, hotels, or coliseums. |
|
SECTION 2. Section 1431.001, Government Code, is amended by |
|
adding Subdivision (7) to read as follows: |
|
(7) "Public work" for a municipality or county has the |
|
meaning assigned by Section 271.043(7-a), Local Government Code. |
|
SECTION 3. The changes in law made by this Act apply only to |
|
a certificate of obligation or tax anticipation note issued on or |
|
after the effective date of this Act. A certificate of obligation |
|
or tax anticipation note issued before the effective date of this |
|
Act is governed by the law in effect immediately before the |
|
effective date of this Act, and the former law is continued in |
|
effect for that purpose. |
|
SECTION 4. This Act takes effect September 1, 2023. |