By: Hinojosa S.R. No. 1068
 
 
SENATE RESOLUTION
         BE IT RESOLVED by the Senate of the State of Texas, 84th
  Legislature, Regular Session, 2015, That Senate Rule 12.03 be
  suspended in part as provided by Senate Rule 12.08 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)  Senate Rule 12.03(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)  Senate Rules 12.03(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)  Senate Rule 12.03(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)  Senate Rule 12.03(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.
 
 
 
 
    _______________________________ 
        President of the Senate
     
         I hereby certify that the
    above Resolution was adopted by
    the Senate on May 31, 2015, by the
  following vote:  Yeas 25, Nays 6.
   
   
   
    _______________________________ 
        Secretary of the Senate