1-1 By: Wentworth S.B. No. 1277 1-2 (In the Senate - Filed March 11, 1999; March 11, 1999, read 1-3 first time and referred to Committee on Intergovernmental 1-4 Relations; April 22, 1999, reported favorably by the following 1-5 vote: Yeas 5, Nays 0; April 22, 1999, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to the uses of impact fees charged by municipal utility 1-9 districts. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. Subchapter D, Chapter 54, Water Code, is amended 1-12 by adding Section 54.243 to read as follows: 1-13 Sec. 54.243. DISPOSITION OF IMPACT FEES. A district that 1-14 charges a fee that is an impact fee as described in Section 1-15 395.001(4), Local Government Code, shall use the fees collected and 1-16 any interest accrued on the fees collected only for payment of 1-17 principal and interest on bonds, notes, or other obligations issued 1-18 by or on behalf of the district to finance the capital improvements 1-19 or facility expansions identified in the capital improvement plan 1-20 required by Section 395.012(d), Local Government Code. 1-21 SECTION 2. This Act takes effect September 1, 1999, and 1-22 applies only to impact fees collected or interest that accrues on 1-23 impact fees, regardless of when collected, on or after that date. 1-24 * * * * *