By Moffat H.B. No. 3477 75R9213 T A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to information to be filed pertaining to certain bonds 1-3 issued by and installment sale obligations of, municipalities with 1-4 a population of less than 500. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Section 3.003(d) of Article 717k-8, Vernon's 1-7 Texas Civil Statutes is amended to read as follows: 1-8 (d) Notwithstanding any other provision of this Act, no 1-9 bonds may be issued, nor shall any lease-purchase or installment 1-10 sale obligation be executed by a municipality (or an issuer created 1-11 by a municipality) with a population of less than 500 according to 1-12 the most recent federal decennial census if the property being 1-13 acquired is located outside the boundaries and extraterritorial 1-14 jurisdiction of the municipality unless an affidavit by all members 1-15 of the governing body of the municipality (or the issuer created by 1-16 the municipality) is filed with the Attorney General of Texas and 1-17 the Texas Bond Review Board setting forth all of the information 1-18 normally submitted to the Texas Bond Review Board. 1-19 SECTION 2. The importance of this legislation and the 1-20 crowded condition of the calendars in both houses create an 1-21 emergency and an imperative public necessity that the 1-22 constitutional rule requiring bills to be read on three several 1-23 days in each house be suspended, and this rule is hereby suspended, 1-24 and that this Act take effect and be in force from and after its 2-1 passage, and it is so enacted.