82R4096 PMO-F
	By: Fraser	S.B. No. 526

	A BILL TO BE ENTITLED
	AN ACT
	relating to the power of the Bell County Water Control and
	Improvement District No. 1 to issue bonds.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Section 9005.102, Special District Local Laws
	Code, is amended to read as follows:
	Sec. 9005.102.  AUTHORITY TO ISSUE BONDS. (a)  The district
	may issue bonds for the purpose of purchasing, constructing,
	acquiring, owning, operating, repairing, improving, enlarging, or
	extending any district works, improvements, facilities, plants,
	equipment, and appliances needed or useful to accomplish or carry
	out the purposes, powers, functions, or obligations of the
	district, including works, improvements, facilities, plants,
	equipment, and appliances needed to provide a waterworks system,
	sanitary sewer system, storm sewer system, or solid waste disposal
	system.  [In this section, "district property" means the district's
	improvements, including property operated by the district under a
	lease.]
	(b)  To provide for the payment of bonds issued under this
	section, the [The] district may:
	(1)  impose ad valorem taxes on all taxable property in
	the district;
	(2)  pledge all or any part of revenue available to the
	district from any source, including all or part of the revenue:
	(A)  resulting from the ownership or operation of
	the district's works, improvements, facilities, plants, equipment,
	and appliances; or
	(B)  available under specific contracts for a
	period of time the district determines; or
	(3)  pledge any combination of the sources of taxes or
	revenue described by Subdivisions (1) and (2) [may call a bond
	election and issue bonds in the manner and for the purposes provided
	in Chapters 49 and 51, Water Code.   In addition to the purposes
	under those chapters, the district may vote on and issue bonds to:
	[(1)     acquire materials, supplies, equipment, and
	other property needed or useful to maintain district property; and
	[(2)     extend, enlarge, improve, or repair district
	property].
	(c)  Bonds secured by and payable solely from revenue under
	Subsection (b)(2):
	(1)  may be issued without an election; and
	(2)  are not subject to Section 49.181, Water Code [If
	bonds are voted on and issued in connection with property to be
	operated by the district under lease, the engineer's report must
	include a summary of the proposed expenditures of the bond
	proceeds].
	(d)  The district must hold an election in the manner
	provided by Chapters 49 and 51, Water Code, to obtain voter approval
	before the district may impose an ad valorem tax or issue bonds
	payable from ad valorem taxes.
	(e)  The district may exercise any of the rights or powers
	granted to the governing body of an issuer under Chapter 1371,
	Government Code.
	(f)  This section is wholly sufficient authority for the
	issuance of bonds, the pledge of revenues, taxes, or any
	combination of revenues and taxes, and the performance of other
	acts and procedures authorized by this section by the district
	without reference to any other provision of law or any restriction
	or limitation contained in those provisions, except as specifically
	provided by this section.
	(g)  To the extent of any conflict or inconsistency between
	this section and any other law, this section controls.
	(h)  The district may use any law not in conflict with this
	section to the extent convenient or necessary to carry out any power
	or authority, express or implied, granted by this section.
	SECTION 2.  The changes in law made by this Act apply only to
	a bond issued by the Bell County Water Control and Improvement
	District No. 1 on or after the effective date of this Act. A bond
	issued by the Bell County Water Control and Improvement District
	No. 1 before the effective date of this Act is governed by the law as
	it existed immediately before the effective date of this Act, and
	that law is continued in effect for that purpose.
	SECTION 3.  (a) The legal notice of the intention to
	introduce this Act, setting forth the general substance of this
	Act, has been published as provided by law, and the notice and a
	copy of this Act have been furnished to all persons, agencies,
	officials, or entities to which they are required to be furnished
	under Section 59, Article XVI, Texas Constitution, and Chapter 313,
	Government Code.
	(b)  The governor, one of the required recipients, has
	submitted the notice and Act to the Texas Commission on
	Environmental Quality.
	(c)  The Texas Commission on Environmental Quality has filed
	its recommendations relating to this Act with the governor, the
	lieutenant governor, and the speaker of the house of
	representatives within the required time.
	(d)  All requirements of the constitution and laws of this
	state and the rules and procedures of the legislature with respect
	to the notice, introduction, and passage of this Act are fulfilled
	and accomplished.
	SECTION 4.  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, 2011.