1-1 AN ACT 1-2 relating to the purchase by the Texas Water Development Board of 1-3 certain bonds or other obligations issued by a political 1-4 subdivision. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Subchapter E, Chapter 17, Water Code, is amended 1-7 by adding Section 17.1765 to read as follows: 1-8 Sec. 17.1765. CERTIFICATION OF APPLICATION. Before the 1-9 board may purchase bonds or other obligations issued by a political 1-10 subdivision, the political subdivision must certify to the board 1-11 that the application for financial assistance filed with the board 1-12 was approved in an open meeting. 1-13 SECTION 2. This Act takes effect September 1, 1997, and 1-14 applies only to the purchase of bonds or other obligations by the 1-15 Texas Water Development Board under an application for financial 1-16 assistance that is filed with the board on or after that date. The 1-17 purchase of bonds or other obligations by the Texas Water 1-18 Development Board under an application for financial assistance 1-19 that is filed with the board before the effective date of this Act 1-20 is governed by the law in effect on the date the application was 1-21 filed, and that law is continued in effect for that purpose. 1-22 SECTION 3. The importance of this legislation and the 1-23 crowded condition of the calendars in both houses create an 1-24 emergency and an imperative public necessity that the 2-1 constitutional rule requiring bills to be read on three several 2-2 days in each house be suspended, and this rule is hereby suspended. _______________________________ _______________________________ President of the Senate Speaker of the House I certify that H.B. No. 1154 was passed by the House on March 19, 1997, by a non-record vote. _______________________________ Chief Clerk of the House I certify that H.B. No. 1154 was passed by the Senate on May 12, 1997, by the following vote: Yeas 31, Nays 0. _______________________________ Secretary of the Senate APPROVED: _____________________ Date _____________________ Governor