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AN ACT
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relating to certain financial powers and duties of the |
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Travis-Creedmoor Municipal Utility District. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 8163, Special District |
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Local Laws Code, is amended by adding Section 8163.105 to read as |
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follows: |
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Sec. 8163.105. NO ALLOCATION AGREEMENT. Section 54.016(f), |
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Water Code, does not apply to the district. |
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SECTION 2. Subchapter E, Chapter 8163, Special District |
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Local Laws Code, is amended by adding Section 8163.203 to read as |
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follows: |
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Sec. 8163.203. BOND PROVISIONS. (a) Notwithstanding any |
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other law, district bonds may be sold at a public or private sale |
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according to terms and procedures the board determines. |
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(b) In connection with the issuance of bonds, the board may: |
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(1) prescribe the maximum principal amount of bonds to |
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be issued and the rate of interest the bonds may bear in accordance |
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with Section 1204.006, Government Code; |
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(2) recite the public purpose for which one or more |
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series of bonds are issued; |
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(3) delegate to an officer or employee of the district |
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the authority to effect the sale of one or more series of bonds; and |
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(4) determine the period, not to exceed one year after |
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the date the district adopts the order or resolution delegating the |
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authority under Subdivision (3), during which that authority must |
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be exercised. |
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(c) In exercising the authority delegated by the board to an |
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officer or employee, the officer or employee may establish the |
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terms and details related to the issuance and sale of the bonds, |
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including: |
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(1) the form and designation of the bonds; |
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(2) the principal amount of the bonds and the amount of |
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the bonds to mature in each year; |
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(3) the dates, price, interest rates, interest payment |
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dates, principal payment dates, and redemption features of the |
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bonds; and |
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(4) any other details relating to the issuance and |
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sale of the bonds as specified by the board in the proceedings |
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authorizing the issuance of the bonds. |
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(d) A finding or determination made by an officer or |
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employee acting under the authority delegated to the officer or |
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employee has the same force and effect as a finding or determination |
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made by the board. |
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SECTION 3. (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 4. 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, 2011. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 3814 was passed by the House on May 3, |
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2011, by the following vote: Yeas 144, Nays 0, 1 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 3814 was passed by the Senate on May |
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19, 2011, by the following vote: Yeas 31, Nays 0 |
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. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |