HB422 - Relating to limitations on the issuance of bonds by the Texas Water Development Board for the development of certain projects in economically distressed areas.

  89R998 JAM-F     By: González of El Paso, Harris , Walle, H.B. No. 422       Guillen, Lopez of Cameron, et al.       A BILL TO BE ENTITLED   AN ACT   relating to limitations on the issuance of bonds by the Texas Water   Development Board for the development of certain projects in   economically distressed areas.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 17.0112(a), Water Code, is amended to   read as follows:          (a)  The board may issue not more than $100 [ $25 ] million in   bonds [ dedicated under Section 17.0111 of this code and may issue   not more than $50 million in bonds ] authorized under Article III,   Texas Constitution, during a fiscal year to provide financial   assistance for water supply and sewer services as provided under   Subchapter K of this chapter.          SECTION 2.  This Act takes effect September 1, 2025.