86R8505 BRG-F
 
  By: Harless H.B. No. 1488
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to financing of recreational facilities by the Charterwood
  Municipal Utility District of Harris County; providing authority to
  issue bonds.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subtitle F, Title 6, Special District Local Laws
  Code, is amended by adding Chapter 8054 to read as follows:
  CHAPTER 8054. CHARTERWOOD MUNICIPAL UTILITY DISTRICT OF HARRIS
  COUNTY
  SUBCHAPTER A. GENERAL PROVISIONS
         Sec. 8054.0101.  DEFINITIONS. In this chapter:
               (1)  "District" means the Charterwood Municipal
  Utility District of Harris County.
               (2)  "Recreational facilities" has the meaning
  assigned by Section 49.462, Water Code.
  SUBCHAPTER B. BONDS AND OTHER OBLIGATIONS
         Sec. 8054.0201.  BONDS FOR RECREATIONAL FACILITIES. (a)  
  The limitation on the outstanding principal amount of bonds, notes,
  and other obligations provided by Section 49.4645(a), Water Code,
  does not apply to the district.
         (b)  The outstanding principal amount of bonds, notes, and
  other obligations issued to finance recreational facilities
  supported by ad valorem taxes may not exceed:
               (1)  an amount equal to three percent of the value of
  the taxable property in the district; or
               (2)  if supported by contract taxes under Section
  49.108, Water Code, an amount equal to three percent of the value of
  the taxable property in the districts making payments under the
  contract.
         (c)  The amounts described by Subsection (b) are calculated
  based on the tax rolls of the central appraisal districts at the
  time of the issuance of the bonds, notes, and other obligations.
         SECTION 2.  (a)  The legal notice of the intention to
  introduce this Act, setting forth the general substance of this
  Act, has been published as provided by law, and the notice and a
  copy of this Act have been furnished to all persons, agencies,
  officials, or entities to which they are required to be furnished
  under Section 59, Article XVI, Texas Constitution, and Chapter 313,
  Government Code.
         (b)  The governor, one of the required recipients, has
  submitted the notice and Act to the Texas Commission on
  Environmental Quality.
         (c)  The Texas Commission on Environmental Quality has filed
  its recommendations relating to this Act with the governor, the
  lieutenant governor, and the speaker of the house of
  representatives within the required time.
         (d)  All requirements of the constitution and laws of this
  state and the rules and procedures of the legislature with respect
  to the notice, introduction, and passage of this Act are fulfilled
  and accomplished.
         SECTION 3.  This Act takes effect September 1, 2019.