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A BILL TO BE ENTITLED
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AN ACT
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relating to traffic studies before the issuance of certain |
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municipal utility district bonds. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter F, Chapter 54, Water Code, is amended |
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by adding Section 54.5162 to read as follows: |
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Sec. 54.5162. TRAFFIC STUDIES BEFORE ISSUANCE OF CERTAIN |
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BONDS. A district may not issue a bond to finance a road project |
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unless each entity with jurisdiction over a road intersection |
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located inside the district or within one mile of the boundaries of |
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the district or over a road that provides or will provide ingress to |
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or egress from a residential development in the district conducts a |
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study evaluating potential changes to traffic patterns and volumes |
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for the intersection or road that would result from the road |
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project. |
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SECTION 2. This Act applies only to a bond issued on or |
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after the effective date of this Act. A bond issued before the |
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effective date of this Act is governed by the applicable law in |
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effect before the effective date of this Act, and the former law is |
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continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2025. |