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A BILL TO BE ENTITLED
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AN ACT
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relating to international cooperation agreements between certain |
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state agencies and the United Mexican States and funding for |
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infrastructure investment in this state; providing authority for |
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certain agencies to issue bonds. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 792.005(b), Government Code, is amended |
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to read as follows: |
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(b) Only the following state agencies may issue bonds under |
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this section: |
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(1) the Department of Agriculture; |
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(2) the Texas Department of Economic Development; |
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(3) the Texas Department of Housing and Community |
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Affairs; |
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(4) the Texas Public Finance Authority; |
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(5) the Texas Turnpike Authority; [or] |
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(6) the Texas Water Development Board; |
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(7) the Texas Commission on Environmental Quality; or |
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(8) the Public Utility Commission of Texas. |
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SECTION 2. Section 792.006, Government Code, is amended to |
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read as follows: |
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Sec. 792.006. APPROVAL OF GOVERNOR AND LEGISLATIVE BUDGET |
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BOARD. An agreement made by a state agency under this chapter that |
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involves the use of money appropriated from the state treasury for |
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projects inside or outside of this state is not valid unless it is |
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approved by the governor and the Legislative Budget Board. |
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SECTION 3. Chapter 792, Government Code, is amended by |
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adding Section 792.007 to read as follows: |
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Sec. 792.007. INFRASTRUCTURE INVESTMENTS. An agency |
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described by Section 792.005(b) may create a funding mechanism to |
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jointly invest in and leverage funding for infrastructure in Texas |
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with the North American Development Bank. |
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SECTION 4. This Act takes effect September 1, 2025. |