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Senate Bill 715 |
Senate Author: Shapiro |
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Effective: 5-12-09 |
House Sponsor: Laubenberg |
Senate Bill 715 amends the enabling statute of the North Texas Municipal Water District to require the district to appoint an executive director, replacing previous law under which the president of the board of directors served in that capacity. It increases the fees paid to a director, in the performance of board duties, to $150 per day and increases the maximum cumulative payment per director per calendar year to $7,200. The bill includes various provisions modifying and clarifying the powers of the district to issue bonds and authorizes the board, if funds are not available, to issue bond anticipation notes, revenue anticipation notes, or both to borrow money needed by the district. It provides that in the event of a catastrophe or disaster that makes a quorum of the board impossible to assemble, any directors who are available, or the highest ranking staff member of the district otherwise, may take action on the district's behalf to ensure the basic health, safety, and welfare of district customers and to call for the appointment of new directors.