By Williams H.B. No. 2045 77R2732 MI-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the disposition of impact fees by municipal utility 1-3 districts. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 54.243, Water Code, is amended to read as 1-6 follows: 1-7 Sec. 54.243. DISPOSITION OF IMPACT FEES. A district that 1-8 charges a fee that is an impact fee as described in Section 1-9 395.001(4), Local Government Code, shall use the fees collected and 1-10 any interest accrued on the fees collected only for: 1-11 (1) payment of principal and interest on bonds, notes, 1-12 or other obligations issued by or on behalf of the district to 1-13 finance the capital improvements or facility expansions identified 1-14 in the capital improvement plan required by Section 395.012(d), 1-15 Local Government Code; or 1-16 (2) cash payment of the costs of capital improvements 1-17 or facility expansions identified in the capital improvement plan 1-18 required by Section 395.012(d), Local Government Code. 1-19 SECTION 2. (a) This Act takes effect September 1, 2001. 1-20 (b) The change in law made by Section 54.243, Water Code, as 1-21 amended by this Act, applies to impact fees and interest on the 1-22 fees regardless of the date on which the fees were collected or the 1-23 interest accrued.