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A BILL TO BE ENTITLED
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AN ACT
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relating to the issuance by certain conservation and reclamation |
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districts of bonds for the development and maintenance of |
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recreational facilities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 49.4645(a), Water Code, is amended to |
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read as follows: |
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(a) A district all or part of which is located in Bastrop |
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County, Bexar County, Waller County, Travis County, Williamson |
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County, Harris County, Galveston County, Brazoria County, |
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Montgomery County, El Paso County, or Fort Bend County may issue |
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bonds supported by ad valorem taxes to pay for the development and |
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maintenance of recreational facilities only if the bonds are |
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authorized by a majority vote of the voters of the district voting |
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in an election held for that purpose. Except as provided by |
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Subsection (a-1), the outstanding principal amount of bonds, notes, |
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and other obligations issued to finance [parks and] recreational |
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facilities supported by ad valorem taxes may not exceed an amount |
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equal to one percent of the value of the taxable property in the |
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district as shown by the tax rolls of the central appraisal district |
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at the time of the issuance of the bonds, notes, and other |
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obligations. To establish the value of the taxable property in a |
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district under this section, the district may use an estimate of the |
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value provided by the central appraisal district. The district may |
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not issue bonds supported by ad valorem taxes to pay for the |
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development and maintenance of: |
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(1) indoor or outdoor swimming pools; or |
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(2) golf courses. |
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SECTION 2. This Act takes effect on the date on which the |
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constitutional amendment proposed by the 88th Legislature, Regular |
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Session, 2023, relating to the authority of the legislature to |
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permit conservation and reclamation districts in El Paso County to |
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issue bonds supported by ad valorem taxes to fund the development |
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and maintenance of parks and recreational facilities is approved by |
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the voters. If that amendment is not approved by the voters, this |
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Act has no effect. |