Bill Text: TX HB4082 | 2023-2024 | 88th Legislature | Comm Sub
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-Comm_Sub.html
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-Comm_Sub.html
By: Goldman, Tepper (Senate Sponsor - Bettencourt) | H.B. No. 4082 | |
(In the Senate - Received from the House May 5, 2023; | ||
May 10, 2023, read first time and referred to Committee on Local | ||
Government; May 19, 2023, reported favorably by the following | ||
vote: Yeas 6, Nays 2; May 21, 2023, sent to printer.) | ||
COMMITTEE VOTE | ||
YeaNayAbsentPNV | ||
BettencourtX | ||
SpringerX | ||
EckhardtX | ||
GutierrezX | ||
HallX | ||
NicholsX | ||
ParkerX | ||
PaxtonX | ||
WestX | ||
|
||
|
||
relating to the purposes for which a municipality or county may | ||
issue an anticipation note or certificate of obligation. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 1431.001, Government Code, is amended by | ||
adding Subdivision (6) to read as follows: | ||
(6) "Public work" for an issuer that is a municipality | ||
or county has the meaning assigned by Section 271.043, Local | ||
Government Code. | ||
SECTION 2. Section 271.043, Local Government Code, is | ||
amended by adding Subdivision (7-a) to read as follows: | ||
(7-a) "Public work" for an issuer that is a | ||
municipality or county: | ||
(A) means any of the following public | ||
improvements as authorized by law: | ||
(i) a street, road, highway, bridge, | ||
sidewalk, or parking structure; | ||
(ii) a landfill; | ||
(iii) an airport; | ||
(iv) a utility system, water supply | ||
project, water treatment plant, wastewater treatment plant, or | ||
water or wastewater conveyance facility; | ||
(v) a wharf or dock; | ||
(vi) a flood control and drainage project; | ||
(vii) a public safety facility, including a | ||
police station, fire station, emergency shelter, jail, or juvenile | ||
detention facility; | ||
(viii) a judicial facility; | ||
(ix) an administrative office building | ||
housing the governmental functions of the municipality or county; | ||
(x) an animal shelter; | ||
(xi) a library; or | ||
(xii) a park or recreation facility that is | ||
generally accessible to the public and is part of the municipal or | ||
county park system; | ||
(B) means the rehabilitation, expansion, | ||
reconstruction, or maintenance of an existing stadium, arena, civic | ||
center, convention center, or coliseum that is owned and operated | ||
by the municipality or county or by an entity created to act on | ||
behalf of the municipality or county; and | ||
(C) does not include: | ||
(i) a facility for which more than 50 | ||
percent of the average annual usage is or is intended to be for | ||
professional or semi-professional sports; | ||
(ii) a new stadium, arena, civic center, | ||
convention center, or coliseum that is or is intended to be leased | ||
by a single for-profit tenant for more than 180 days in a single | ||
calendar year; or | ||
(iii) a hotel. | ||
SECTION 3. The changes in law made by this Act apply only to | ||
an anticipation note or certificate of obligation issued on or | ||
after the effective date of this Act. | ||
SECTION 4. This Act takes effect September 1, 2023. | ||
* * * * * |