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A BILL TO BE ENTITLED
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AN ACT
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relating to the dissolution of the El Milagro Management District. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. (a) Except as provided by Subsection (b), the |
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board of the El Milagro Management District, created by order of the |
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Texas Commission on Environmental Quality on June 13, 2024, shall |
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dissolve the district not later than the 60th day after the |
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effective date of this Act. |
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(b) If the district has outstanding bonded indebtedness: |
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(1) the district shall remain in existence solely for |
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the purposes of winding up district operations and discharging its |
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bonded indebtedness; and |
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(2) the board shall use all district money that is |
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available to: |
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(A) wind up district operations; and |
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(B) repay or defease the bonded indebtedness as |
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soon as practicable in accordance with the order or resolution |
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authorizing the issuance of the bonds. |
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(c) This Act expires September 1, 2027. |
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SECTION 2. (a) The legal notice of the intention to |
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introduce this Act, setting forth the general substance of this |
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Act, has been published as provided by law, and the notice and a |
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copy of this Act have been furnished to all persons, agencies, |
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officials, or entities to which they are required to be furnished |
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under Section 59, Article XVI, Texas Constitution, and Chapter 313, |
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Government Code. |
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(b) The governor, one of the required recipients, has |
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submitted the notice and Act to the Texas Commission on |
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Environmental Quality. |
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(c) The Texas Commission on Environmental Quality has filed |
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its recommendations relating to this Act with the governor, the |
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lieutenant governor, and the speaker of the house of |
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representatives within the required time. |
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(d) All requirements of the constitution and laws of this |
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state and the rules and procedures of the legislature with respect |
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to the notice, introduction, and passage of this Act are fulfilled |
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and accomplished. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2025. |