1-1     By:  Bernsen                                          S.B. No. 1684
 1-2           (In the Senate - Filed March 12, 1999; March 15, 1999, read
 1-3     first time and referred to Committee on Intergovernmental
 1-4     Relations; April 16, 1999, reported adversely, with favorable
 1-5     Committee Substitute by the following vote:  Yeas 4, Nays 0;
 1-6     April 16, 1999, sent to printer.)
 1-7     COMMITTEE SUBSTITUTE FOR S.B. No. 1684                 By:  Lindsay
 1-8                            A BILL TO BE ENTITLED
 1-9                                   AN ACT
1-10     relating to the operation of the East Montgomery County Improvement
1-11     District; authorizing the issuance of bonds.
1-12           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-13           SECTION 1.  Section 16, Chapter 1316, Acts of the 75th
1-14     Legislature, Regular Session, 1997, is amended by adding Subsection
1-15     (d) to read as follows:
1-16           (d)  The district shall have the economic development powers
1-17     and authority conferred on a home-rule municipality with a
1-18     population of more than 100,000 pursuant to Chapter 380, Local
1-19     Government Code, and Article 835s, Revised Statutes.
1-20           SECTION 2.  Chapter 1316, Acts of the 75th Legislature,
1-21     Regular Session, 1997, is amended by adding Section 30A to read as
1-22     follows:
1-23           Sec. 30A.  BONDS.  (a)  The board may issue bonds as provided
1-24     by Subchapter J, Chapter 375, Local Government Code.
1-25           (b)  In addition to the sources described in Subchapter J,
1-26     Chapter 375, Local Government Code, the bonds issued by the
1-27     district may be secured and made payable, wholly or partly, by a
1-28     pledge of any part of the net proceeds the district receives from a
1-29     specified portion of not more than one-half of the maximum sales
1-30     and use tax amount authorized and approved by voters of the
1-31     district under Section 22 of this Act.
1-32           (c)  Sections 375.207 and 375.208, Local Government Code, do
1-33     not apply to bonds issued under this section.
1-34           SECTION 3.  Sections 29 and 30, Chapter 1316, Acts of the
1-35     75th Legislature, Regular Session, 1997, are repealed.
1-36           SECTION 4.  This Act takes effect September 1, 1999.
1-37           SECTION 5.  The importance of this legislation and the
1-38     crowded condition of the calendars in both houses create an
1-39     emergency and an imperative public necessity that the
1-40     constitutional rule requiring bills to be read on three several
1-41     days in each house be suspended, and this rule is hereby suspended.
1-42                                  * * * * *