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A BILL TO BE ENTITLED
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AN ACT
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relating to the issuance of bonds for recreational facilities by |
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certain conservation and reclamation districts in Montgomery |
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County. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 49.4645, Water Code, is amended by |
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amending Subsection (a) and adding Subsection (f) to read as |
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follows: |
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(a) A district all or part of which is located in Bastrop |
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County, Bexar County, Waller County, Travis County, Williamson |
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County, Harris County, Galveston County, Brazoria County, |
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Montgomery County, or Fort Bend County may issue bonds supported by |
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ad valorem taxes to pay for the development and maintenance of |
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recreational facilities only if the bonds are authorized by a |
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majority vote of the qualified voters of the district voting in an |
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election held for that purpose. The outstanding principal amount |
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of bonds, notes, and other obligations issued to finance parks and |
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recreational facilities payable from any source may not exceed an |
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amount equal to one percent of the value of the taxable property in |
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the district as shown by the tax rolls of the central appraisal |
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district at the time of the issuance of the bonds, notes, and other |
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obligations or an amount greater than the estimated cost provided |
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in the park plan under Subsection (b), whichever is smaller. The |
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district may not issue bonds supported by ad valorem taxes to pay |
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for the development and maintenance of: |
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(1) indoor or outdoor swimming pools; or |
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(2) golf courses. |
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(f) This section does not apply to a district all or part of |
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which: |
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(1) is located in Montgomery County; and |
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(2) includes land within a planned community of at |
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least 15,000 acres of land, of which a majority of the developed |
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acreage is subject to restrictive covenants containing ad valorem |
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assessments. |
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SECTION 2. (a) Notwithstanding any other law, if the |
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qualified voters of a district to which Chapter 49, Water Code, |
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applies and all or part of which is located in Montgomery County |
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authorized bonds supported by ad valorem taxes to pay for the |
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development and maintenance of recreational facilities by the |
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favorable vote of a majority voting in an election held for that |
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purpose after September 13, 2003, but before the effective date of |
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this Act, that bond authorization is valid and no further election |
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is required to authorize those bonds. |
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(b) This section does not apply to a district described by |
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Section 49.4645(f), Water Code, as added by this Act. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |