By Zaffirini                                            S.B. No. 15

         75R4340 JJT-D                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the maximum tax rate that may be levied by the Live Oak

 1-3     Underground Water Conservation District to pay maintenance and

 1-4     operating expenses.

 1-5           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-6           SECTION 1.  Section 9, Chapter 715, Acts of the 71st

 1-7     Legislature, Regular Session, 1989, is amended to read as follows:

 1-8           Sec. 9.  TAXES AND BONDS.  (a)  Except as provided by

 1-9     Subsection (b) of this section, the [The] tax and bond provisions

1-10     of Subchapters F and G, Chapter 36, Subchapter F, Chapter 49, and

1-11     Subchapters K, L, M, N, and P, Chapter [Chapters] 51 [and 52],

1-12     Water Code, apply to the district.

1-13           (b)  Notwithstanding Section 36.201(b), Water Code, the

1-14     district annually may levy taxes to pay the maintenance and

1-15     operating expenses of the district at a rate not to exceed five

1-16     cents on each $100 of assessed valuation.

1-17           SECTION 2.  The importance of this legislation and the

1-18     crowded condition of the calendars in both houses create an

1-19     emergency and an imperative public necessity that the

1-20     constitutional rule requiring bills to be read on three several

1-21     days in each house be suspended, and this rule is hereby suspended,

1-22     and that this Act take effect and be in force from and after its

1-23     passage, and it is so enacted.