Bill Text: TX HB447 | 2025-2026 | 89th Legislature | Introduced
Bill Title: Relating to traffic studies before the issuance of certain municipal utility district bonds.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2024-11-12 - Filed [HB447 Detail]
Download: Texas-2025-HB447-Introduced.html
89R4097 ANG-D | ||
By: Bell of Kaufman | H.B. No. 447 |
|
||
|
||
relating to traffic studies before the issuance of certain | ||
municipal utility district bonds. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter F, Chapter 54, Water Code, is amended | ||
by adding Section 54.5162 to read as follows: | ||
Sec. 54.5162. TRAFFIC STUDIES BEFORE ISSUANCE OF CERTAIN | ||
BONDS. A district may not issue a bond to finance a road project | ||
unless each entity with jurisdiction over a road intersection | ||
located inside the district or within one mile of the boundaries of | ||
the district or over a road that provides or will provide ingress to | ||
or egress from a residential development in the district conducts a | ||
study evaluating potential changes to traffic patterns and volumes | ||
for the intersection or road that would result from the road | ||
project. | ||
SECTION 2. This Act applies only to a bond issued on or | ||
after the effective date of this Act. A bond issued before the | ||
effective date of this Act is governed by the applicable law in | ||
effect before the effective date of this Act, and the former law is | ||
continued in effect for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2025. |