Enrolled Bill Summary

House Bill 1732	House Author:  Ritter
Effective:  9-1-11	Senate Sponsor:  Hinojosa

            House Bill 1732 amends the Water Code to prohibit the Texas Water Development Board (TWDB) from providing financial assistance to an applicant for certain water planning or development projects who has failed to satisfactorily provide requested information relevant to the project, including a water infrastructure financing survey. The bill establishes that water financial assistance bonds that have been authorized but not issued are not considered to be debt payable from general revenue for purposes of the constitutional debt limit until the legislature appropriates funds to pay the debt service on the bonds. The bill sets out provisions relating to  approval by the Bond Review Board for the issuance of such bonds, including certification by the executive administrator of the TWDB of debt service on the bonds that is reasonably expected to be paid from general revenue or paid from other revenue sources. The bill establishes certain circumstances under which bonds issued by TWDB cease to be considered payable from general revenue.