By: Lucio, et al. S.B. No. 1296 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the issuance of general obligation bonds to provide 1-3 financial assistance to counties for roadway projects to serve 1-4 border colonias. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Subtitle G, Title 9, Government Code, is amended 1-7 by adding Chapter 1403 to read as follows: 1-8 CHAPTER 1403. GENERAL OBLIGATION BONDS 1-9 FOR CERTAIN BORDER COLONIA PROJECTS 1-10 Sec. 1403.001. DEFINITIONS. In this chapter: 1-11 (1) "Authority" means the Texas Public Finance 1-12 Authority. 1-13 (2) "Commission" means the Texas Transportation 1-14 Commission. 1-15 Sec. 1403.002. GENERAL OBLIGATION BONDS FOR BORDER COLONIA 1-16 ROADWAY PROJECTS. (a) As provided by Section 49-l, Article III, 1-17 Texas Constitution, the authority shall, in accordance with 1-18 requests from the office of the governor: 1-19 (1) issue general obligation bonds in an aggregate 1-20 amount not to exceed $175 million, as authorized by the office of 1-21 the governor under Subsection (b), and enter into related bond 1-22 enhancement agreements; and 1-23 (2) as directed by the Texas Department of 1-24 Transportation, distribute the proceeds from the sale of the bonds 1-25 to counties to provide financial assistance for colonia access 2-1 roadway projects to serve border colonias. 2-2 (b) The office of the governor shall determine the amount of 2-3 bonds to be issued at any one time by the authority under 2-4 Subsection (a)(1) and the times at which the bonds are issued. 2-5 (c) The commission shall establish a program to administer 2-6 the use of the proceeds of the bonds. The Texas Department of 2-7 Transportation shall administer the program in cooperation with the 2-8 office of the governor, the secretary of state, and the Texas A&M 2-9 University Center for Housing and Urban Development. 2-10 (d) The commission, in cooperation with the office of the 2-11 governor, shall: 2-12 (1) define by rule "border colonia"; 2-13 (2) establish by rule criteria for selecting which 2-14 areas and which colonia access roadway projects are eligible for 2-15 assistance under this chapter; 2-16 (3) determine the counties and the colonia access 2-17 roadway projects that are to receive financial assistance and the 2-18 amount of assistance given to a county or project; 2-19 (4) establish by rule minimum road standards a 2-20 county's colonia access roadway proposal must meet to be awarded a 2-21 grant; 2-22 (5) establish by rule grant application procedures; 2-23 and 2-24 (6) establish by rule financial reporting requirements 2-25 for counties that receive assistance for colonia access roadway 2-26 projects to serve border colonias. 3-1 (e) The issuance of general obligation bonds under this 3-2 chapter shall comply with and is subject to Subtitle A, Chapter 3-3 1231, and applicable provisions of Chapters 1232 and 1371. 3-4 SECTION 2. This Act takes effect on the date on which the 3-5 constitutional amendment proposed by the 77th Legislature, Regular 3-6 Session, 2001, authorizing the issuance of state general obligation 3-7 bonds to provide financial assistance to counties for roadway 3-8 projects to serve border colonias takes effect. If that amendment 3-9 is not approved by the voters, this Act has no effect.