Bill Text: TX SB2629 | 2023-2024 | 88th Legislature | Comm Sub
Bill Title: Relating to the authority of the Roman Forest Public Utility District No. 4 for road projects; providing authority to issue bonds.
Spectrum: Partisan Bill (Republican 1-0)
Status: (N/A - Dead) 2023-05-15 - Committee report printed and distributed [SB2629 Detail]
Download: Texas-2023-SB2629-Comm_Sub.html
| By: Creighton | S.B. No. 2629 | |
| (In the Senate - Filed May 3, 2023; May 4, 2023, read first | ||
| time and referred to Committee on Local Government; May 15, 2023, | ||
| reported favorably by the following vote: Yeas 7, Nays 0; | ||
| May 15, 2023, sent to printer.) | ||
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| relating to the authority of the Roman Forest Public Utility | ||
| District No. 4 for road projects; providing authority to issue | ||
| bonds. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 8405.003(c), Special District Local Laws | ||
| Code, is amended to read as follows: | ||
| (c) The creation of the district is essential to accomplish | ||
| the purposes of: | ||
| (1) Section 59, Article XVI, Texas Constitution; and | ||
| (2) Section 52, Article III, Texas Constitution, that | ||
| relate to the construction, acquisition, improvement, operation, | ||
| or maintenance of macadamized, graveled, or paved roads, or | ||
| improvements, including storm drainage, in aid of those roads. | ||
| SECTION 2. Subchapter C, Chapter 8405, Special District | ||
| Local Laws Code, is amended by adding Sections 8405.102 and | ||
| 8405.103 to read as follows: | ||
| Sec. 8405.102. AUTHORITY FOR ROAD PROJECTS. Under Section | ||
| 52, Article III, Texas Constitution, the district may design, | ||
| acquire, construct, finance, issue bonds for, improve, operate, | ||
| maintain, and convey to this state, a county, or a municipality for | ||
| operation and maintenance macadamized, graveled, or paved roads, or | ||
| improvements, including storm drainage, in aid of those roads. | ||
| Sec. 8405.103. ROAD STANDARDS AND REQUIREMENTS. (a) A road | ||
| project must meet all applicable construction standards, zoning and | ||
| subdivision requirements, and regulations of each municipality in | ||
| whose corporate limits or extraterritorial jurisdiction the road | ||
| project is located. | ||
| (b) If a road project is not located in the corporate limits | ||
| or extraterritorial jurisdiction of a municipality, the road | ||
| project must meet all applicable construction standards, | ||
| subdivision requirements, and regulations of each county in which | ||
| the road project is located. | ||
| (c) If the state will maintain and operate the road, the | ||
| Texas Transportation Commission must approve the plans and | ||
| specifications of the road project. | ||
| SECTION 3. Chapter 8405, Special District Local Laws Code, | ||
| is amended by adding Subchapter D to read as follows: | ||
| SUBCHAPTER D. BONDS AND OTHER OBLIGATIONS | ||
| Sec. 8405.201. AUTHORITY TO ISSUE BONDS AND OTHER | ||
| OBLIGATIONS FOR ROAD PROJECTS. (a) The district may issue bonds or | ||
| other obligations payable wholly or partly from ad valorem taxes, | ||
| impact fees, revenue, contract payments, grants, or other district | ||
| money, or any combination of those sources, to pay for a road | ||
| project authorized by Section 8405.102. | ||
| (b) The district may not issue bonds payable from ad valorem | ||
| taxes to finance a road project unless the issuance is approved by a | ||
| vote of a two-thirds majority of the district voters voting at an | ||
| election held for that purpose. | ||
| Sec. 8405.202. TAXES FOR BONDS. At the time the district | ||
| issues bonds payable wholly or partly from ad valorem taxes, the | ||
| board shall provide for the annual imposition of a continuing | ||
| direct ad valorem tax, without limit as to rate or amount, while all | ||
| or part of the bonds are outstanding as required and in the manner | ||
| provided by Sections 54.601 and 54.602, Water Code. | ||
| Sec. 8405.203. BONDS FOR ROAD PROJECTS. At the time of | ||
| issuance, the total principal amount of bonds or other obligations | ||
| issued or incurred to finance road projects and payable from ad | ||
| valorem taxes may not exceed one-fourth of the assessed value of the | ||
| real property in the district. | ||
| SECTION 4. (a) The legal notice of the intention to | ||
| introduce this Act, setting forth the general substance of this | ||
| Act, has been published as provided by law, and the notice and a | ||
| copy of this Act have been furnished to all persons, agencies, | ||
| officials, or entities to which they are required to be furnished | ||
| under Section 59, Article XVI, Texas Constitution, and Chapter 313, | ||
| Government Code. | ||
| (b) The governor, one of the required recipients, has | ||
| submitted the notice and Act to the Texas Commission on | ||
| Environmental Quality. | ||
| (c) The Texas Commission on Environmental Quality has filed | ||
| its recommendations relating to this Act with the governor, the | ||
| lieutenant governor, and the speaker of the house of | ||
| representatives within the required time. | ||
| (d) All requirements of the constitution and laws of this | ||
| state and the rules and procedures of the legislature with respect | ||
| to the notice, introduction, and passage of this Act are fulfilled | ||
| and accomplished. | ||
| SECTION 5. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2023. | ||
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