82nd Texas Legislature, Regular Session, House Bill 1901, Chapter 156 Page: 1 of 5
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Chapter 156 H.B. No. 1901
1 AN ACT
2 relating to the applicability of provisions concerning bond
3 approval by the Texas Commission on Environmental Quality to
4 certain water entities.
5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
6 SECTION 1. Sections 49.181(a) and (h), Water Code, are
7 amended to read as follows:
8 (a) A district may not issue bonds unless the commission
9 determines that the project to be financed by the bonds is feasible
10 and issues an order approving the issuance of the bonds. This
11 section does not apply to:
12 (1) refunding bonds if the commission issued an order
13 approving the issuance of the bonds or notes that originally
14 financed the project;
15 (2) refunding bonds that are issued by a district
16 under an agreement between the district and a municipality allowing
17 the issuance of the district's bonds to refund bonds issued by the
18 municipality to pay the cost of financing facilities;
19 (3) bonds issued to and approved by the Farmers Home
20 Administration, the United States Department of Agriculture, the
21 North American Development Bank, or the Texas Water Development
22 Board; [e]
23 (4) refunding bonds issued to refund bonds described
24 by Subdivision (3); or
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Texas. Legislature. House of Representatives. 82nd Texas Legislature, Regular Session, House Bill 1901, Chapter 156, legislative document, May 28, 2011; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth311137/m1/1/: accessed April 23, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.