74R8247 RJA-D
          By Chisum                                             H.B. No. 1564
          Substitute the following for H.B. No. 1564:
          By Gutierrez                                      C.S.H.B. No. 1564
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the attorney general's review of bonds issued by
    1-3  political subdivisions of this state.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 3.002, Article 3, Chapter 53, Acts of the
    1-6  70th Legislature, 2nd Called Session, 1987 (Article 717k-8,
    1-7  Vernon's Texas Civil Statutes), is amended by adding Subsection (h)
    1-8  to read as follows:
    1-9        (h)  In the review of bonds under this article, the attorney
   1-10  general has the express authority to  collect, in the form required
   1-11  by the bond review board, information on bonds issued by a
   1-12  municipal corporation or other political subdivision of this state.
   1-13  The information must include the terms of the bonds and the debt
   1-14  service payable on the bonds and other information required for
   1-15  this purpose by the bond review board.  The attorney general shall
   1-16  send the information to the bond review board for inclusion in the
   1-17  board's report of debt statistics under Section 7A, Chapter 1078,
   1-18  Acts of the 70th Legislature, Regular Session, 1987 (Article
   1-19  717k-7, Vernon's Texas Civil Statutes).
   1-20        SECTION 2.  Section 7A(c), Chapter 1078, Acts of the 70th
   1-21  Legislature, Regular Session, 1987 (Article 717k-7, Vernon's Texas
   1-22  Civil Statutes), is amended to read as follows:
   1-23        (c)  State agencies, the attorney general, and local
   1-24  governments shall in a timely manner provide the board with all
    2-1  information reasonably believed by the board to be necessary to
    2-2  prepare the board's report to the legislature.
    2-3        SECTION 3.  This Act takes effect September 1, 1995, and
    2-4  applies only to bonds submitted to the attorney general for
    2-5  approval on or after that date.
    2-6        SECTION 4.  The importance of this legislation and the
    2-7  crowded condition of the calendars in both houses create an
    2-8  emergency and an imperative public necessity that the
    2-9  constitutional rule requiring bills to be read on three several
   2-10  days in each house be suspended, and this rule is hereby suspended.