HB447 - Relating to traffic impact studies conducted before the issuance of certain municipal utility district bonds.

  89R27459 ANG-D     By: Bell of Kaufman H.B. No. 447     Substitute the following for H.B. No. 447:     By:  Gates C.S.H.B. No. 447       A BILL TO BE ENTITLED   AN ACT   relating to traffic impact studies conducted before the issuance of   certain municipal utility district bonds.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter F, Chapter 54, Water Code, is amended   by adding Section 54.5162 to read as follows:           Sec.   54.5162.     TRAFFIC IMPACT STUDIES CONDUCTED BEFORE   ISSUANCE OF CERTAIN BONDS. (a)   This section applies only to a   district that is:                 (1)     authorized by general or special law to exercise   the power of eminent domain; and                 (2)  located wholly or partly in a county that:                       (A)     contains a portion of the Cedar Creek   Reservoir; and                       (B)     borders a county with a population of 2.6   million or more.           (b)     A district may not issue bonds to finance a road project   unless the district:                 (1)     conducts a traffic impact study of that portion of   each farm-to-market road, county road, state highway, interstate   highway, or other public road, including each intersection of the   road, located:                       (A)  inside the district; or                       (B)     within one-half mile of the district if the   road:                             (i)     crosses the boundaries of the district;   or                             (ii)     intersects a public road that crosses   the boundaries of the district; and                 (2)     submits the results of the study to the   commissioners court of each county in which the district is   located.           (c)     Notwithstanding Subsection (b), a district is not   required to conduct a traffic impact study of that portion of a   public road, including any intersection of the road, that is   located in another district with authority for road projects under   Section 52, Article III, Texas Constitution.           (d)     A traffic impact study conducted under this section must   project for each public road or intersection subject to the study   the potential changes to traffic patterns and volumes that would   result from the proposed road project.           (e)     A traffic impact study conducted under this section must   be:                 (1)     conducted and submitted before the tract of land   served by the road project is platted; and                 (2)     updated if the original plat on file with the   county is revised or amended on or after the second anniversary of   the date the plat was submitted to the county.           (f)     The commissioners court of a county may waive the   requirements of this section at the discretion of the commissioners   court.           (g)     A traffic impact study conducted under this section   expires on the second anniversary of the date the study was   conducted. The commissioners court of a county may accept under   Subsection (b) a traffic impact study that has expired at the   discretion of the commissioners court.          SECTION 2.  The changes in law made by this Act apply only to   bonds issued on or after the effective date of this Act.  Bonds   issued before the effective date of this Act are governed by the law   in effect when the bonds were issued, and that former law is   continued in effect for that purpose.          SECTION 3.  This Act takes effect September 1, 2025.