H.B. No. 2829 1-1 AN ACT 1-2 relating to authorizing the Elkins Lake Municipal Utility District 1-3 to transfer money from the district's municipal utility district 1-4 operating fund to the district's road utility district operating 1-5 fund. 1-6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-7 SECTION 1. DEFINITIONS. In this Act: 1-8 (1) "Board" means the board of directors of the Elkins 1-9 Lake Municipal Utility District. 1-10 (2) "District" means the Elkins Lake Municipal Utility 1-11 District. 1-12 SECTION 2. AUTHORITY. On the approval of the district's 1-13 voters, the district may transfer to its road utility district 1-14 operating fund the district's surplus net revenues from operation 1-15 funds collected under its municipal utility district taxing 1-16 authority through March 1, 1993. The total amount of transfers 1-17 under this Act may not exceed $500,000. 1-18 SECTION 3. ELECTION. (a) The board of directors shall call 1-19 and hold an election in the district to determine whether the 1-20 district will be authorized to transfer the funds. 1-21 (b) At the election, the ballots shall be printed to permit 1-22 voting for or against the proposition: "The Elkins Lake Municipal 1-23 Utility District shall be authorized to transfer surplus net 1-24 revenues up to $500,000 from the municipal utility district 2-1 operating fund to the road utility district operating fund." 2-2 (c) If a majority of the qualifying voters of the district 2-3 voting in the election favor the proposition, the district may 2-4 transfer the surplus net revenues in whole or in part at any time. 2-5 (d) If a majority of the qualifying voters of the district 2-6 voting in the election do not favor the proposition, the board may 2-7 not call and hold another election on the proposition before the 2-8 first anniversary of the date on which the most recent election on 2-9 the proposition is held. 2-10 (e) Section 41.001(a), Election Code, does not apply to an 2-11 election under this Act. 2-12 (f) Except as otherwise provided by this Act, the board of 2-13 directors shall call and hold the election in the manner provided 2-14 by the Election Code and by Chapter 13, Acts of the 68th 2-15 Legislature, 2nd Called Session, 1984 (Article 6674r-1, Vernon's 2-16 Texas Civil Statutes), for municipal utility districts assuming 2-17 road utility district authority. 2-18 SECTION 4. EMERGENCY. The importance of this legislation 2-19 and the crowded condition of the calendars in both houses create an 2-20 emergency and an imperative public necessity that the 2-21 constitutional rule requiring bills to be read on three several 2-22 days in each house be suspended, and this rule is hereby suspended, 2-23 and that this Act take effect and be in force from and after its 2-24 passage, and it is so enacted.