Bill > HB3483

This bill modifies the legal definition of an "issuer" in the Texas Government Code to include special utility districts (SUDs), which are conservation and reclamation districts organized under Section 59, Article XVI of the Texas Constitution and Chapter 65 of the Water Code, as entities that can issue public securities. The bill also updates the Water Code to clarify that special utility districts may issue bonds or notes for various infrastructure and service purposes, including water systems, sewer systems, solid waste disposal, and fire-fighting services. Additionally, the bill requires the Texas Commission on Environmental Quality to develop a simplified review and approval process for revenue bonds issued by special utility districts. By expanding the definition of issuers and streamlining the bond approval process, the legislation aims to provide special utility districts with greater financial flexibility to fund essential infrastructure and service improvements. The bill is set to take effect on September 1, 2025, giving government agencies time to prepare for the new provisions.

Agriculture and Natural Resources, Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB3483