1-1 By: Chisum, et al. (Senate Sponsor - Nelson) H.B. No. 1564 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 Finance; May 9, 1995, reported favorably by the following vote: 1-5 Yeas 8, Nays 0; May 9, 1995, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to the attorney general's review of bonds issued by 1-9 political subdivisions of this state. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. Section 3.002, Article 3, Chapter 53, Acts of the 1-12 70th Legislature, 2nd Called Session, 1987 (Article 717k-8, 1-13 Vernon's Texas Civil Statutes), is amended by adding Subsection (h) 1-14 to read as follows: 1-15 (h) In the review of bonds under this article, the attorney 1-16 general has the express authority to collect, in the form required 1-17 by the bond review board, information on bonds issued by a 1-18 municipal corporation or other political subdivision of this state. 1-19 The information must include the terms of the bonds and the debt 1-20 service payable on the bonds and other information required for 1-21 this purpose by the bond review board. The attorney general shall 1-22 send the information to the bond review board for inclusion in the 1-23 board's report of debt statistics under Section 7A, Chapter 1078, 1-24 Acts of the 70th Legislature, Regular Session, 1987 (Article 1-25 717k-7, Vernon's Texas Civil Statutes). 1-26 SECTION 2. Section 7A(c), Chapter 1078, Acts of the 70th 1-27 Legislature, Regular Session, 1987 (Article 717k-7, Vernon's Texas 1-28 Civil Statutes), is amended to read as follows: 1-29 (c) State agencies, the attorney general, and local 1-30 governments shall in a timely manner provide the board with all 1-31 information reasonably believed by the board to be necessary to 1-32 prepare the board's report to the legislature. 1-33 SECTION 3. This Act takes effect September 1, 1995, and 1-34 applies only to bonds submitted to the attorney general for 1-35 approval on or after that date. 1-36 SECTION 4. The importance of this legislation and the 1-37 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 * * * * *