1-1 By: Williams (Senate Sponsor - Bernsen) H.B. No. 2045 1-2 (In the Senate - Received from the House May 7, 2001; 1-3 May 7, 2001, read first time and referred to Committee on Natural 1-4 Resources; May 11, 2001, reported favorably by the following vote: 1-5 Yeas 7, Nays 0; May 11, 2001, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to the disposition of impact fees by municipal utility 1-9 districts. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. Section 54.243, Water Code, is amended to read as 1-12 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: 1-17 (1) payment of principal and interest on bonds, notes, 1-18 or other obligations issued by or on behalf of the district to 1-19 finance the capital improvements or facility expansions identified 1-20 in the capital improvement plan required by Section 395.012(d), 1-21 Local Government Code; or 1-22 (2) cash payment of the costs of capital improvements 1-23 or facility expansions identified in the capital improvement plan 1-24 required by Section 395.012(d), Local Government Code. 1-25 SECTION 2. (a) This Act takes effect September 1, 2001. 1-26 (b) The change in law made by Section 54.243, Water Code, as 1-27 amended by this Act, applies to impact fees and interest on the 1-28 fees regardless of the date on which the fees were collected or the 1-29 interest accrued. 1-30 * * * * *