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COMMITTEE VOTE |
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YeaNayAbsentPNV |
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BettencourtX |
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SpringerX |
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EckhardtX |
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GutierrezX |
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HallX |
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NicholsX |
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ParkerX |
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PaxtonX |
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WestX |
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A BILL TO BE ENTITLED
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AN ACT
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relating to the purposes for which a municipality or county may |
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issue an anticipation note or certificate of obligation. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1431.001, Government Code, is amended by |
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adding Subdivision (6) to read as follows: |
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(6) "Public work" for an issuer that is a municipality |
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or county has the meaning assigned by Section 271.043, Local |
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Government Code. |
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SECTION 2. Section 271.043, Local Government Code, is |
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amended by adding Subdivision (7-a) to read as follows: |
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(7-a) "Public work" for an issuer that is a |
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municipality or county: |
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(A) means any of the following public |
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improvements as authorized by law: |
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(i) a street, road, highway, bridge, |
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sidewalk, or parking structure; |
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(ii) a landfill; |
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(iii) an airport; |
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(iv) a utility system, water supply |
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project, water treatment plant, wastewater treatment plant, or |
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water or wastewater conveyance facility; |
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(v) a wharf or dock; |
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(vi) a flood control and drainage project; |
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(vii) a public safety facility, including a |
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police station, fire station, emergency shelter, jail, or juvenile |
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detention facility; |
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(viii) a judicial facility; |
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(ix) an administrative office building |
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housing the governmental functions of the municipality or county; |
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(x) an animal shelter; |
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(xi) a library; or |
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(xii) a park or recreation facility that is |
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generally accessible to the public and is part of the municipal or |
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county park system; |
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(B) means the rehabilitation, expansion, |
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reconstruction, or maintenance of an existing stadium, arena, civic |
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center, convention center, or coliseum that is owned and operated |
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by the municipality or county or by an entity created to act on |
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behalf of the municipality or county; and |
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(C) does not include: |
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(i) a facility for which more than 50 |
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percent of the average annual usage is or is intended to be for |
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professional or semi-professional sports; |
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(ii) a new stadium, arena, civic center, |
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convention center, or coliseum that is or is intended to be leased |
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by a single for-profit tenant for more than 180 days in a single |
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calendar year; or |
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(iii) a hotel. |
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SECTION 3. The changes in law made by this Act apply only to |
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an anticipation note or certificate of obligation issued on or |
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after the effective date of this Act. |
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SECTION 4. This Act takes effect September 1, 2023. |
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* * * * * |