By Counts                                             H.B. No. 2447
         76R5967 JJT-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the authority of the Colorado River Municipal Water
 1-3     District to generate, purchase, and sell water power and electric
 1-4     energy and to acquire and dispose of facilities for those purposes.
 1-5           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-6           SECTION 1.  Chapter 340, Acts of the 51st Legislature,
 1-7     Regular Session, 1949 (Article 8280-137, Vernon's Texas Civil
 1-8     Statutes), is amended by adding Section 7B to read as follows:
 1-9           Sec. 7B.  The District may:
1-10                 (1)  develop and generate water power and electric
1-11     energy inside the District's boundaries and sell water power and
1-12     electric energy inside or outside of the District's boundaries;
1-13                 (2)  purchase electric energy at wholesale for resale
1-14     or for use at a facility the District owns, operates, or maintains
1-15     inside the District's boundaries;
1-16                 (3)  enter into an agreement to acquire, install,
1-17     construct, finance, operate, make an addition to, own, or operate
1-18     an electric energy generating, transmission, or distribution
1-19     facility, jointly with another person; or
1-20                 (4)  sell or otherwise dispose of any of the District's
1-21     interest in a jointly owned facility described by Subdivision (3)
1-22     of this section.
1-23           SECTION 2.  The importance of this legislation and the
1-24     crowded condition of the calendars in both houses create an
 2-1     emergency and an imperative public necessity that the
 2-2     constitutional rule requiring bills to be read on three several
 2-3     days in each house be suspended, and this rule is hereby suspended,
 2-4     and that this Act take effect and be in force from and after its
 2-5     passage, and it is so enacted.