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A BILL TO BE ENTITLED
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AN ACT
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relating to imposing a civil penalty on a political subdivision |
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that spends the proceeds of an impact fee for a purpose other than |
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the purpose for which the fee was imposed. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 395.024, Local Government Code, is |
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amended by adding Subsection (e) to read as follows: |
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(e) A political subdivision that spends funds from an impact |
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fee in violation of Subsection (c) is liable to the state for a |
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civil penalty in an amount equal to 20 percent of the amount of the |
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funds spent in violation of that subsection. The attorney general |
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may sue to collect the penalty and deposit the amount collected to |
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the credit of the housing trust fund. |
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SECTION 2. This Act takes effect September 1, 2007. |