|
|
|
|
By: Parker (Senate Sponsor - Taylor of Collin) |
H.B. No. 1946 |
|
(In the Senate - Received from the House May 8, 2017; |
|
May 8, 2017, read first time and referred to Committee on |
|
Agriculture, Water & Rural Affairs; May 16, 2017, reported |
|
favorably by the following vote: Yeas 7, Nays 0; May 16, 2017, |
|
sent to printer.) |
Click here to see the committee vote |
|
|
A BILL TO BE ENTITLED
|
|
AN ACT
|
|
|
relating to the incontestability of certain contracts or leases |
|
submitted to the attorney general by certain water districts. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Section 49.184(e), Water Code, is amended to |
|
read as follows: |
|
(e) A contract or lease in which the proceeds of the |
|
contract or lease are pledged to the payment of a bond may be |
|
submitted to the attorney general along with the bond records, and, |
|
if submitted, the approval by the attorney general of the bonds |
|
shall constitute an approval of the contract or lease and the |
|
contract or lease shall be incontestable. A contract or lease, |
|
other than a contract or lease in which the proceeds of the contract |
|
or lease are pledged to the payment of a bond, may be submitted to |
|
the attorney general along with the bond records, and, if reviewed |
|
and approved by the attorney general, the approval of the bonds |
|
shall constitute an approval of the contract or lease and the |
|
contract or lease shall be incontestable. |
|
SECTION 2. The change in law made by this Act applies only |
|
to a contract or lease submitted by a water district under Section |
|
49.184, Water Code, as amended by this Act, to the attorney general |
|
after the effective date of this Act. A contract or lease submitted |
|
to the attorney general before the effective date of this Act is |
|
governed by the law in effect at the time the contract or lease is |
|
submitted, and that law is continued in effect for that purpose. |
|
SECTION 3. This Act takes effect September 1, 2017. |
|
|
|
* * * * * |