1-1 By: Rabuck (Senate Sponsor - Galloway) H.B. No. 320 1-2 (In the Senate - Received from the House April 3, 1995; 1-3 April 4, 1995, read first time and referred to Committee on 1-4 Intergovernmental Relations; April 12, 1995, reported favorably by 1-5 the following vote: Yeas 10, Nays 0; April 12, 1995, sent to 1-6 printer.) 1-7 A BILL TO BE ENTITLED 1-8 AN ACT 1-9 relating to excluding land from the New Caney Municipal Utility 1-10 District. 1-11 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-12 SECTION 1. DEFINITION. In this Act, "district" means the 1-13 New Caney Municipal Utility District. 1-14 SECTION 2. EXCLUSION OF TERRITORY. The boundaries of the 1-15 district are adjusted to exclude the following plot of land: Being 1-16 66.740 acres of land in MH short survey, abstract #509; being the 1-17 same land called 66 acres by deed recorded in Volume 505, page 383, 1-18 of the Montgomery County Deed Records. 1-19 SECTION 3. RIGHTS OF BONDHOLDERS. The exclusion of land 1-20 under this Act does not diminish or impair the rights of the 1-21 holders of any outstanding and unpaid bonds, warrants, or other 1-22 certificates of indebtedness of the district. 1-23 SECTION 4. APPORTIONMENT OF DISTRICT INDEBTEDNESS. (a) The 1-24 excluded land is not released from the payment of its pro rata 1-25 share of the district's indebtedness. 1-26 (b) The district shall continue to levy taxes each year on 1-27 the property excluded from the district at the same rate levied on 1-28 other property of the district, until the taxes collected from the 1-29 excluded land equal its pro rata share of the indebtedness of the 1-30 district at the time of the exclusion of the land. The taxes 1-31 collected shall be applied exclusively to the payment of the 1-32 excluded land's pro rata share of the indebtedness. 1-33 (c) The owner of all or part of the excluded land at any 1-34 time may pay in full the owner's share of the pro rata share of the 1-35 indebtedness of the district. 1-36 SECTION 5. EMERGENCY. The importance of this legislation 1-37 and the crowded condition of the calendars in both houses create an 1-38 emergency and an imperative public necessity that the 1-39 constitutional rule requiring bills to be read on three several 1-40 days in each house be suspended, and this rule is hereby suspended, 1-41 and that this Act take effect and be in force from and after its 1-42 passage, and it is so enacted. 1-43 * * * * *