H.R. No. 3507
 
 
 
R E S O L U T I O N
         BE IT RESOLVED by the House of Representatives of the State of
  Texas, 84th Legislature, Regular Session, 2015, That House Rule 13,
  Section 9(a), be suspended in part as provided by House Rule 13,
  Section 9(f), to enable the conference committee appointed to
  resolve the differences on House Bill 928 (the management of water,
  including the authority of certain entities to issue bonds to
  finance certain water resource projects) to consider and take
  action on the following matters:
         (1)  House Rule 13, Section 9(a)(4), is suspended to permit
  the committee to add text on a matter not included in either the
  house or senate version of the bill by adding proposed SECTIONS 5
  and 11 to the bill, amending Section 11.139, Water Code, and
  governing the applicability of the amendment, to read as follows:
         SECTION 5.  Section 11.139, Water Code, is amended by
  amending Subsection (a) and adding Subsection (a-1) to read as
  follows:
         (a)  Except as provided by Section 11.148 [of this code], the
  commission may grant an emergency permit, order, or amendment to an
  existing permit, certified filing, or certificate of adjudication
  after notice to the governor for an initial period of not more than
  270 [120] days if the commission finds that:
               (1)  emergency conditions exist which present an
  imminent threat to the public health and safety and which override
  the necessity to comply with established statutory procedures; and
               (2)  there are no feasible practicable alternatives to
  the emergency authorization.
         (a-1)  Such emergency action may be renewed once for not
  longer than 60 days.
         SECTION 11.  The change in law made by Section 5 of this Act
  applies only to an application for an emergency authorization or
  renewal of an emergency authorization that is submitted to the
  Texas Commission on Environmental Quality on or after the effective
  date of that section.  An application for an emergency
  authorization or renewal of an emergency authorization that is
  submitted to the commission before the effective date of that
  section is governed by the law in effect immediately before the
  effective date of that section, and that law is continued in effect
  for that purpose.
         Explanation: The addition of text is necessary to extend the
  initial period of certain emergency authorizations to use state
  water issued by the Texas Commission on Environmental Quality.
         (2)  House Rule 13, Sections 9(a)(1) and (3), are suspended
  to permit the committee to change, alter, or amend text and to add
  text on a matter not in disagreement in proposed SECTION 12 of the
  bill, the effective date provision of the bill, to read as follows:
         SECTION 12.  (a) Except as provided by Subsection (b) of this
  section, this Act takes effect September 1, 2015.
         (b)  Sections 5 and 11 of this Act take effect immediately if
  this Act receives a vote of two-thirds of all the members elected to
  each house, as provided by Section 39, Article III, Texas
  Constitution. If this Act does not receive the vote necessary for
  those sections to have immediate effect, those sections take effect
  September 1, 2015.
         Explanation: The change in the effective date provision is
  necessary to ensure that the amendment to Section 11.139, Water
  Code, extending the initial period of certain emergency
  authorizations to use state water issued by the Texas Commission on
  Environmental Quality, takes effect immediately if H.B. No. 928
  receives a vote of two-thirds of all the members elected to each
  house.
         (3)  House Rule 13, Section 9(a)(4), is suspended to permit
  the committee to add text on a matter not included in either the
  house or senate version of the bill by adding proposed SECTION 7 to
  the bill, amending Section 1372.042, Government Code, to read as
  follows:
         SECTION 7.  Section 1372.042, Government Code, is amended by
  adding Subsection (b-1) and amending Subsection (c) to read as
  follows:
         (b-1)  Notwithstanding Subsections (a), (a-1), and (b), an
  issuer shall close on bonds issued for a water resource project that
  is part of the state water plan or an approved initially prepared
  regional water plan for Regional Water Planning Area L, as
  designated under Section 16.053, Water Code, submitted to the Texas
  Water Development Board and for which a reservation was granted
  after August 15 not later than the 220th day after the reservation
  date.
         (c)  Notwithstanding Subsections (a), (a-1), [and] (b), and
  (b-1), if the 120-day period, the 150-day period, [or] the 180-day
  period, or the 220-day period, as applicable, expires on or after
  December 24 of the year in which the reservation was granted, the
  issuer shall close on the bonds before December 24, except that if
  the applicable period expires after December 31 of that year, the
  issuer may notify the board in writing before December 24 of the
  issuer's election to carry forward the reservation and of the
  issuer's expected bond closing date. In compliance with the
  requirements of Section 146(f), Internal Revenue Code of 1986, the
  board shall file in a timely manner a carryforward election with
  respect to any bonds expected to close after December 31 to permit
  the bonds to close by the expected date, except that the board may
  not file the carryforward election after February 15 of the year
  following the year in which the reservation was granted. The grant
  of the reservation for the balance of the 120-day period, the
  150-day period, [or] the 180-day period, or the 220-day period, as
  applicable, is automatically and immediately reinstated on the
  board's filing of a carryforward election with respect to the
  reservation.
         Explanation: The addition of text is necessary to extend the
  deadline for closing on bonds issued for a water resource project
  that is part of the state water plan or an approved initially
  prepared regional water plan for Regional Water Planning Area L.
         (4)  House Rule 13, Section 9(a)(4), is suspended to permit
  the committee to add text on a matter not included in either the
  house or senate version of the bill by adding proposed SECTION 8 to
  the bill, amending Section 501.159, Local Government Code, to read
  as follows:
         SECTION 8.  Section 501.159, Local Government Code, is
  amended by adding Subsection (c) to read as follows:
         (c)  A corporation described by Section 501.107(a)(1) may
  issue bonds to finance a water resource project for Regional Water
  Planning Area L, as designated under Section 16.053, Water Code,
  that involves a minimum of 30,000 acre-feet, regardless of whether
  a request required by Subsection (a) has been made.
         Explanation: The addition of text is necessary to allow a
  development corporation in certain border counties to issue bonds
  to finance a water resource project for Regional Water Planning
  Area L without a request for the project by the governing body of
  the development corporation or governmental unit in which the
  project is located.
 
  Guillen
 
  ______________________________
  Speaker of the House     
 
         I certify that H.R. No. 3507 was adopted by the House on May
  31, 2015, by the following vote:  Yeas 135, Nays 8, 2 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House