Bill Text: TX SB938 | 2023-2024 | 88th Legislature | Enrolled
Bill Title: Relating to the issuance by certain conservation and reclamation districts of bonds for the development and maintenance of recreational facilities.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2023-05-13 - Effective on adoption of const. amendment [SB938 Detail]
Download: Texas-2023-SB938-Enrolled.html
| S.B. No. 938 | ||
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| relating to the issuance by certain conservation and reclamation | ||
| districts of bonds for the development and maintenance of | ||
| recreational facilities. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 49.4645(a), Water Code, is amended to | ||
| read as follows: | ||
| (a) A district all or part of which is located in Bastrop | ||
| County, Bexar County, Waller County, Travis County, Williamson | ||
| County, Harris County, Galveston County, Brazoria County, | ||
| Montgomery County, El Paso County, or Fort Bend County may issue | ||
| bonds supported by ad valorem taxes to pay for the development and | ||
| maintenance of recreational facilities only if the bonds are | ||
| authorized by a majority vote of the voters of the district voting | ||
| in an election held for that purpose. Except as provided by | ||
| Subsection (a-1), the outstanding principal amount of bonds, notes, | ||
| and other obligations issued to finance [ |
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| facilities supported by ad valorem taxes may not exceed an amount | ||
| equal to one percent of the value of the taxable property in the | ||
| district as shown by the tax rolls of the central appraisal district | ||
| at the time of the issuance of the bonds, notes, and other | ||
| obligations. To establish the value of the taxable property in a | ||
| district under this section, the district may use an estimate of the | ||
| value provided by the central appraisal district. The district may | ||
| not issue bonds supported by ad valorem taxes to pay for the | ||
| development and maintenance of: | ||
| (1) indoor or outdoor swimming pools; or | ||
| (2) golf courses. | ||
| SECTION 2. This Act takes effect on the date on which the | ||
| constitutional amendment proposed by the 88th Legislature, Regular | ||
| Session, 2023, relating to the authority of the legislature to | ||
| permit conservation and reclamation districts in El Paso County to | ||
| issue bonds supported by ad valorem taxes to fund the development | ||
| and maintenance of parks and recreational facilities is approved by | ||
| the voters. If that amendment is not approved by the voters, this | ||
| Act has no effect. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I hereby certify that S.B. No. 938 passed the Senate on | ||
| April 11, 2023, by the following vote: Yeas 28, Nays 3. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.B. No. 938 passed the House on | ||
| April 28, 2023, by the following vote: Yeas 103, Nays 41, two | ||
| present not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| Approved: | ||
| ______________________________ | ||
| Date | ||
| ______________________________ | ||
| Governor | ||
