AN ACT 1-1 relating to the operation of the East Montgomery County Improvement 1-2 District; authorizing the issuance of bonds. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Section 16, Chapter 1316, Acts of the 75th 1-5 Legislature, Regular Session, 1997, is amended by adding Subsection 1-6 (d) to read as follows: 1-7 (d) The district shall have the economic development powers 1-8 and authority conferred on a home-rule municipality with a 1-9 population of more than 100,000 pursuant to Chapter 380, Local 1-10 Government Code, and Article 835s, Revised Statutes. 1-11 SECTION 2. Chapter 1316, Acts of the 75th Legislature, 1-12 Regular Session, 1997, is amended by adding Section 30A to read as 1-13 follows: 1-14 Sec. 30A. BONDS. (a) The board may issue bonds as provided 1-15 by Subchapter J, Chapter 375, Local Government Code. 1-16 (b) In addition to the sources described in Subchapter J, 1-17 Chapter 375, Local Government Code, the bonds issued by the 1-18 district may be secured and made payable, wholly or partly, by a 1-19 pledge of any part of the net proceeds the district receives from a 1-20 specified portion of not more than one-half of the maximum sales 1-21 and use tax amount authorized and approved by voters of the 1-22 district under Section 22 of this Act. 1-23 (c) Sections 375.207 and 375.208, Local Government Code, do 1-24 not apply to bonds issued under this section. 2-1 SECTION 3. Sections 29 and 30, Chapter 1316, Acts of the 2-2 75th Legislature, Regular Session, 1997, are repealed. 2-3 SECTION 4. This Act takes effect September 1, 1999. 2-4 SECTION 5. The importance of this legislation and the 2-5 crowded condition of the calendars in both houses create an 2-6 emergency and an imperative public necessity that the 2-7 constitutional rule requiring bills to be read on three several 2-8 days in each house be suspended, and this rule is hereby suspended. _______________________________ _______________________________ President of the Senate Speaker of the House I hereby certify that S.B. No. 1684 passed the Senate on April 26, 1999, by the following vote: Yeas 30, Nays 0. _______________________________ Secretary of the Senate I hereby certify that S.B. No. 1684 passed the House on May 4, 1999, by a non-record vote. _______________________________ Chief Clerk of the House Approved: _______________________________ Date _______________________________ Governor