Bill Text: TX SB2524 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the requirements and procedures for use of the flood infrastructure fund.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-23 - Referred to Water, Agriculture, & Rural Affairs [SB2524 Detail]
Download: Texas-2023-SB2524-Introduced.html
By: Creighton | S.B. No. 2524 | |
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relating to the requirements and procedures for use of the flood | ||
infrastructure fund. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 15.535, Water Code, is amended by adding | ||
Subsection (d) to read as follows: | ||
(d) An eligible political subdivision may demonstrate | ||
compliance with the requirements of subsection (a)(1), (2), and (3) | ||
by providing written notice of the application, along with a copy of | ||
the application, to all potentially affected political | ||
subdivisions in the area. The notice must be provided at least 30 | ||
days before submittal of the final application to the board and | ||
include instructions for submittal of comments on the application. | ||
All comments received in accordance with this subsection must be | ||
included in the final application submitted to the board. | ||
SECTION 2. Section 15.536, Water Code, is amended to read as | ||
follows: | ||
Sec. 15.536. APPROVAL OF APPLICATIONS. On review and | ||
recommendation by the executive administrator, the board may | ||
approve an application only if the board finds that: | ||
(1) the application and the assistance applied for | ||
meet the requirements of this subchapter and board rules; | ||
(2) the application demonstrates compliance with this | ||
subchapter [ |
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(3) the taxes or other revenue, or both the taxes and | ||
other revenue, pledged by the applicant will be sufficient to meet | ||
all the obligations assumed by the eligible political subdivision. | ||
SECTION 3. Section 15.537, Water Code, is amended to read as | ||
follows: | ||
Sec. 15.537. RULES. (a) The board shall adopt rules | ||
necessary to carry out this subchapter, including rules: | ||
(1) that establish procedures for an application for | ||
and for the award of financial assistance; | ||
(2) for the investment of money; and | ||
(3) for the administration of the infrastructure fund. | ||
(b) The rules may not include a requirement to provide a | ||
written agreement among political subdivisions or a benefit cost | ||
analysis as a condition for approval of an application. | ||
SECTION 4. The changes made by this Act apply only to an | ||
application submitted on or after the effective date of this Act. | ||
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. |