By Hawley H.B. No. 1484 77R2540 JD-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the authority of a county to borrow from the state 1-3 infrastructure bank. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter D, Chapter 222, Transportation Code, is 1-6 amended by adding Section 222.0745 to read as follows: 1-7 Sec. 222.0745. AUTHORITY OF COUNTY TO BORROW FROM BANK. A 1-8 county may borrow funds for road and bridge construction from the 1-9 bank and repay the bank with the proceeds of ad valorem taxes 1-10 imposed by the county for that purpose over a term of years without 1-11 issuing bonds or other obligations evidencing the loan. 1-12 SECTION 2. This Act takes effect immediately if it receives 1-13 a vote of two-thirds of all the members elected to each house, as 1-14 provided by Section 39, Article III, Texas Constitution. If this 1-15 Act does not receive the vote necessary for immediate effect, this 1-16 Act takes effect September 1, 2001.