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.
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