87R16572 MP-F
 
  By: Murphy, Israel H.B. No. 1410
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the issuance of bonds by certain conservation and
  reclamation districts.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 49.4645, Water Code, is amended by
  amending Subsection (a) and adding Subsection (a-1) to read as
  follows:
         (a)  A district all or part of which is located in Bastrop
  County, Bexar County, Waller County, Travis County, Williamson
  County, Harris County, Galveston County, Brazoria County,
  Montgomery County, or Fort Bend County may issue bonds supported by
  ad valorem taxes to pay for the development and maintenance of
  recreational facilities only if the bonds are authorized by a
  majority vote of the voters of the district voting in an election
  held for that purpose. Except as provided by Subsection (a-1), the
  [The] outstanding principal amount of bonds, notes, and other
  obligations issued to finance parks and recreational facilities
  supported by ad valorem taxes may not exceed an amount equal to one
  percent of the value of the taxable property in the district [or, if
  supported by contract taxes under Section 49.108, may not exceed an
  amount equal to one percent of the value of the taxable property in
  the districts making payments under the contract] as shown by the
  tax rolls of the central appraisal district at the time of the
  issuance of the bonds, notes, and other obligations [or an amount
  greater than the estimated cost provided in the park plan under
  Subsection (b), whichever is smaller]. To establish the value of
  the taxable property in a district under this section, the district
  may use an estimate of the value provided by the central appraisal
  district. The district may not issue bonds supported by ad valorem
  taxes to pay for the development and maintenance of:
               (1)  indoor or outdoor swimming pools; or
               (2)  golf courses.
         (a-1)  The outstanding principal amount of bonds, notes, and
  other obligations issued to finance a recreational facility under
  Subsection (a) may exceed one percent of the value of the taxable
  property in the district if the district has:
               (1)  a ratio of debt to certified assessed valuation of
  10 percent or less;
               (2)  a credit rating that conforms to commission rules;
               (3)  a credit enhanced rating on the district's
  proposed bond issue that conforms to commission rules; or
               (4)  a contract with a political subdivision or an
  entity acting on behalf of a political subdivision under which the
  political subdivision or the entity agrees to provide to the
  district taxes or other revenues, as consideration for the
  district's development or acquisition of the facility, including a
  contract under Section 49.108.
         SECTION 2.  Section 54.016(e), Water Code, is amended to
  read as follows:
         (e)  A city may provide in its written consent to the
  inclusion of land in a district, that the district construct all
  facilities to serve the land in accordance with plans and
  specifications which have been approved by the city. The city may
  also provide in its written consent that the city shall have the
  right to inspect all facilities being constructed by a district.
  The city's consent to the inclusion of land in the district may also
  contain restrictions on the terms and provisions of the district's
  bonds and notes issued to provide service to the land and conditions
  on the sale of the district's bonds and notes if the restrictions
  and conditions do not generally render the bonds and notes of
  districts in the city's extraterritorial jurisdiction
  unmarketable. The city's consent to the inclusion of land in a
  district may restrict the purposes for which a district may issue
  bonds to [the] purposes authorized by law for the district [of the
  purchase, construction, acquisition, repair, extension and
  improvement of land, easements, works, improvements, facilities,
  plants, equipment and appliances necessary to:
               [(1)  provide a water supply for municipal uses,
  domestic uses and commercial purposes;
               [(2)   collect, transport, process, dispose of and
  control all domestic, industrial or communal wastes whether in
  fluid, solid or composite state; and
               [(3)  gather, conduct, divert and control local storm
  water or other local harmful excesses of water in the district and
  the payment of organization expenses, operation expenses during
  construction and interest during construction].
         SECTION 3.  The change in law made by this Act to Section
  54.016(e), Water Code, does not affect the terms of a city's
  resolution or ordinance adopted before the effective date of this
  Act that constitutes a written consent under Section 54.016 of that
  code.
         SECTION 4.  This Act takes effect immediately if it 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 immediate effect, this
  Act takes effect September 1, 2021.