Bill Text: TX HB4082 | 2023-2024 | 88th Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the purposes for which a municipality or county may issue an anticipation note or certificate of obligation.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Passed) 2023-06-18 - Effective on 9/1/23 [HB4082 Detail]

Download: Texas-2023-HB4082-Introduced.html
  88R15549 TYPED
 
  By: Goldman H.B. No. 4082
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to purposes for which certificates of obligation or tax
  anticipation notes may be authorized.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 271.043, Local Government Code, is
  amended by adding Subdivision (7-a) to read as follows:
               (7-a) "Public work":
                     (A)  means, for a municipality or county, the
  following public improvements as authorized by law:
                           (i)  Streets, roads, highways, bridges,
  sidewalks, landfills, parking structures, or airports;
                           (ii Utility system, water supply project,
  water plant, wastewater plant, water and wastewater conveyance
  facility, wharf, dock, or flood control and drainage project;
                           (iii)  Police stations, fire stations, or
  other public safety facilities, emergency shelters, jails,
  juvenile detention facilities, judicial facilities, animal
  shelters, libraries;
                           (iv)  Administrative office buildings for
  housing governmental functions of a municipality or county; or
                           (v)  Parks and recreation facilities that
  are generally accessible to the public and are dedicated as part of
  the municipal or county park system.
                     (B)  does not include facilities for
  semi-professional or professional sports, stadia, arenas, civic
  centers, convention centers, hotels, or coliseums.
         SECTION 2.  Section 1431.001, Government Code, is amended by
  adding Subdivision (7) to read as follows:
               (7)  "Public work" for a municipality or county has the
  meaning assigned by Section 271.043(7-a), Local Government Code. 
         SECTION 3.  The changes in law made by this Act apply only to
  a certificate of obligation or tax anticipation note issued on or
  after the effective date of this Act.  A certificate of obligation
  or tax anticipation note issued before the effective date of this
  Act is governed by the law in effect immediately before the
  effective date of this Act, and the former law is continued in
  effect for that purpose.
         SECTION 4.  This Act takes effect September 1, 2023.
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