By: Barrientos S.B. No. 197 A BILL TO BE ENTITLED AN ACT 1-1 relating to the dissolution of Travis County Water Control and 1-2 Improvement District No. 14 and the validation of certain actions 1-3 of the district's board of directors. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. DEFINITIONS. In this Act: 1-6 (1) "City" means the City of Austin. 1-7 (2) "District" means the Travis County Water Control 1-8 and Improvement District No. 14. 1-9 SECTION 2. LEGISLATIVE FINDINGS. The legislature finds 1-10 that: 1-11 (1) on July 8, 1998, the district entered into an 1-12 agreement with the city providing for the transfer and management 1-13 of the district's water distribution system and other property, 1-14 assets, and liabilities as part of the city's water treatment and 1-15 distribution system; 1-16 (2) all conditions of the agreement for the transfer 1-17 of the district's water distribution system and other property, 1-18 assets, and liabilities to the city have been satisfied in all 1-19 respects; 1-20 (3) the district has transferred its water 1-21 distribution system and other property, assets, and liabilities to 1-22 the city and the city has assumed the responsibility for payment of 1-23 the district's bonded indebtedness and other liabilities, 1-24 obligations, and functions of the district in accordance with the 2-1 transfer agreement; 2-2 (4) the district has concluded its business affairs 2-3 and the district is ready to be dissolved as contemplated by the 2-4 transfer agreement; and 2-5 (5) there is no reason for the continued existence of 2-6 the district. 2-7 SECTION 3. DISSOLUTION OF DISTRICT. The district is 2-8 dissolved on the effective date of this Act. 2-9 SECTION 4. VALIDATION. (a) Any action taken before January 2-10 1, 1999, by the board of directors of the district pertaining to 2-11 the transfer of the district's water distribution system and other 2-12 property, assets, and liabilities is in all respects validated as 2-13 of the date the action was taken and shall be treated as if the 2-14 action had originally been authorized and accomplished in 2-15 accordance with law. 2-16 (b) This section does not apply to any matter that on the 2-17 effective date of this Act: 2-18 (1) is involved in litigation if in the course of the 2-19 litigation the matter is held invalid by a final judgment of a 2-20 court of competent jurisdiction; or 2-21 (2) has been held invalid by a final judgment of a 2-22 court of competent jurisdiction. 2-23 SECTION 5. EMERGENCY. The importance of this legislation 2-24 and the crowded condition of the calendars in both houses create an 2-25 emergency and an imperative public necessity that the 2-26 constitutional rule requiring bills to be read on three several 3-1 days in each house be suspended, and this rule is hereby suspended, 3-2 and that this Act take effect and be in force from and after its 3-3 passage, and it is so enacted.