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A BILL TO BE ENTITLED
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AN ACT
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relating to the sale of the Allens Creek Reservoir project. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article 1, Chapter 1291, Acts of the 76th |
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Legislature, Regular Session, 1999, is amended by adding Section |
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1.07 to read as follows: |
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Sec. 1.07. (a) Notwithstanding any other provision of this |
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article, not later than January 1, 2020, the City of Houston shall |
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enter into a contractual agreement with the Brazos River Authority |
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to transfer to the Brazos River Authority all of the city's |
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ownership interests in the Allens Creek Reservoir project, |
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including all required water right permits, along with the |
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responsibility to construct the project in accordance with all |
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associated statutory requirements and deadlines. |
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(b) Construction of the reservoir is subject to the Brazos |
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River Authority obtaining all necessary federal permits. |
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(c) In addition to other necessary provisions, the |
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contractual agreement described by Subsection (a) must include |
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provisions for the transfer of an amount not to exceed $23 million |
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from the Brazos River Authority to the City of Houston. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2019. |