88R12148 JAM-F
 
  By: González of El Paso, Guillen, Murr, H.B. No. 3523
      Lopez of Cameron, Gamez
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to limitations on the issuance of bonds by the Texas Water
  Development Board for the development of certain projects in
  economically distressed areas.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 17.0112(a), Water Code, is amended to
  read as follows:
         (a)  The board may issue not more than $100 [$25] million in
  bonds [dedicated under Section 17.0111 of this code and may issue
  not more than $50 million in bonds] authorized under Article III,
  Texas Constitution, during a fiscal year to provide financial
  assistance for water supply and sewer services as provided under
  Subchapter K of this chapter.
         SECTION 2.  This Act takes effect September 1, 2023.