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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of the Cash Special Utility District to |
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issue bonds. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subtitle C, Title 6, Special District Local Laws |
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Code, is amended by adding Chapter 7217 to read as follows: |
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CHAPTER 7217. CASH SPECIAL UTILITY DISTRICT |
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SUBCHAPTER A. GENERAL PROVISIONS |
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Sec. 7217.001. DEFINITION. In this chapter, "district" |
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means the Cash Special Utility District. |
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SUBCHAPTER B. BONDS |
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Sec. 7217.051. AUTHORITY TO ISSUE BONDS. (a) The district |
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has the rights, powers, duties, and obligations of an issuer under |
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Chapter 1371, Government Code. |
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(b) Sections 49.181 and 49.182, Water Code, do not apply to |
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the district. |
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SECTION 2. (a) The legal notice of the intention to |
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introduce this Act, setting forth the general substance of this |
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Act, has been published as provided by law, and the notice and a |
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copy of this Act have been furnished to all persons, agencies, |
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officials, or entities to which they are required to be furnished |
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under Section 59, Article XVI, Texas Constitution, and Chapter 313, |
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Government Code. |
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(b) The governor, one of the required recipients, has |
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submitted the notice and Act to the Texas Commission on |
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Environmental Quality. |
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(c) The Texas Commission on Environmental Quality has filed |
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its recommendations relating to this Act with the governor, the |
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lieutenant governor, and the speaker of the house of |
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representatives within the required time. |
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(d) All requirements of the constitution and laws of this |
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state and the rules and procedures of the legislature with respect |
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to the notice, introduction, and passage of this Act are fulfilled |
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and accomplished. |
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SECTION 3. This Act takes effect September 1, 2015. |