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A BILL TO BE ENTITLED
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AN ACT
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relating to purposes for which certificates of obligation or tax |
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anticipation notes may be authorized. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 271.043, Local Government Code, is |
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amended by adding Subdivision (7-a) to read as follows: |
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(7-a) "Public work": |
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(A) means, for a municipality or county, the |
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following public improvements as authorized by law: |
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(i) Streets, roads, highways, bridges, |
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sidewalks, landfills, parking structures, or airports; |
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(ii Utility system, water supply project, |
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water plant, wastewater plant, water and wastewater conveyance |
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facility, wharf, dock, or flood control and drainage project; |
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(iii) Police stations, fire stations, or |
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other public safety facilities, emergency shelters, jails, |
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juvenile detention facilities, judicial facilities, animal |
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shelters, libraries; |
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(iv) Administrative office buildings for |
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housing governmental functions of a municipality or county; or |
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(v) Parks and recreation facilities that |
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are generally accessible to the public and are dedicated as part of |
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the municipal or county park system. |
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(B) does not include facilities for |
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semi-professional or professional sports, stadia, arenas, civic |
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centers, convention centers, hotels, or coliseums. |
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SECTION 2. Section 1431.001, Government Code, is amended by |
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adding Subdivision (7) to read as follows: |
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(7) "Public work" for a municipality or county has the |
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meaning assigned by Section 271.043(7-a), Local Government Code. |
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SECTION 3. The changes in law made by this Act apply only to |
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a certificate of obligation or tax anticipation note issued on or |
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after the effective date of this Act. A certificate of obligation |
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or tax anticipation note issued before the effective date of this |
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Act is governed by the law in effect immediately before the |
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effective date of this Act, and the former law is continued in |
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effect for that purpose. |
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SECTION 4. This Act takes effect September 1, 2023. |