81R9127 SGA-D

By: Rose H.B. No. 2441

A BILL TO BE ENTITLED

AN ACT

relating to the authority of conservation and reclamation districts in Hays County to issue bonds supported by ad valorem taxes to fund the development and maintenance of recreational facilities.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 49.4645(a), Water Code, is amended to read as follows:

(a) A district all or part of which is located in Bastrop County, Bexar County, Waller County, Hays County, Travis County, Williamson County, Harris County, Galveston County, Brazoria County, Montgomery County, or Fort Bend County may issue bonds supported by ad valorem taxes to pay for the development and maintenance of recreational facilities only if the bonds are authorized by a majority vote of the qualified voters of the district voting in an election held for that purpose. The outstanding principal amount of bonds, notes, and other obligations issued to finance parks and recreational facilities payable from any source may not exceed an amount equal to one percent of the value of the taxable property in the district as shown by the tax rolls of the central appraisal district at the time of the issuance of the bonds, notes, and other obligations or an amount greater than the estimated cost provided in the park plan under Subsection (b), whichever is smaller. The district may not issue bonds supported by ad valorem taxes to pay for the development and maintenance of:

(1) indoor or outdoor swimming pools; or

(2) golf courses.

SECTION 2. This Act takes effect on the date on which the constitutional amendment proposed by the 81st Legislature, Regular Session, 2009, authorizing the legislature to permit conservation and reclamation districts in Hays County to issue bonds supported by ad valorem taxes takes effect. If that amendment is not approved by the voters, this Act has no effect.