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BILL ANALYSIS

 

 

 

H.B. 1730

By: Pitts

County Affairs

Committee Report (Unamended)

 

 

 

BACKGROUND AND PURPOSE

 

Currently, municipalities are allowed, by statute, to create a special public improvement district with the ability to levy and collect a special assessment in order to fund local projects, such as street and sidewalk improvements, park, recreation, and cultural improvements, landscaping improvements, mass transit improvements, and others. 

 

H.B. 1730 authorizes the governing body of a municipality or county to issue and sell general obligation bonds or revenue bonds to reimburse a developer for the cost of certain public improvements located in public improvement districts in certain counties.

RULEMAKING AUTHORITY

 

It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.

ANALYSIS

 

H.B. 1730 amends the Local Government Code to authorize the governing body of a municipality or a county to issue and sell general obligation bonds or revenue bonds to reimburse a developer for the cost of a public improvement if the public improvement is located in a public improvement district created on or after January 1, 2005, the public improvement has been dedicated to and accepted by the municipality or county, and before the public improvement was dedicated to and accepted by the municipality or county, the governing body of the municipality or county entered into an agreement with the developer to pay for the public  improvement. The bill requires general obligation bonds or revenue bonds issued by the municipality or county to comply with the provisions relating to general obligation bonds or revenue bonds issued under the Public Improvement District Assessment Act. The bill applies these provisions only to a county that contains no municipality with a population of more than 50,000 and that is adjacent to at least two counties, each with a population of more than one million.

EFFECTIVE DATE

 

On passage, or, if the act does not receive the necessary vote, the act takes effect September 1, 2009.