HB5690 - Relating to the powers and duties and validating certain acts and proceedings of the Hunter Ranch Improvement District No. 1 of Denton County, Texas.

      By: Hayes (Senate Sponsor - Parker) H.B. No. 5690          (In the Senate - Received from the House May 22, 2025;   May 25, 2025, read first time and referred to Committee on   Administration; May 27, 2025, reported favorably by the following   vote:  Yeas 6, Nays 0; May 27, 2025, sent to printer.) Click here to see the committee vote     A BILL TO BE ENTITLED   AN ACT     relating to the powers and duties and validating certain acts and   proceedings of the Hunter Ranch Improvement District No. 1 of   Denton County, Texas.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 3980.0503, Special District Local Laws   Code, is amended by amending Subsection (c) and adding Subsection   (d) to read as follows:          (c)  The principal amount of bonds secured by ad valorem   taxes issued by the district in aggregate may not exceed 10 percent   of the assessed value of all real property in the district.           (d)     The outstanding principal amount of bonds secured by   contract payments meeting the requirements of Section 3980.0504(2)   issued by the district in the aggregate may not exceed an amount   equal to 10 percent of the assessed value of all real property in   all districts making payments under the contract.          SECTION 2.  (a) The legislature validates and confirms all   governmental acts and proceedings of the Hunter Ranch Improvement   District No. 1 of Denton County, Texas, that were taken before the   effective date of this Act.          (b)  This section does not apply to any matter that on the   effective date of this Act:                (1)  is involved in litigation if the litigation   ultimately results in the matter being held invalid by a final court   judgment; or                (2)  has been held invalid by a final court judgment.          SECTION 3.  The Hunter Ranch Improvement District No. 1 of   Denton County, Texas, retains all the rights, powers, privileges,   authority, duties, and functions that it had before the effective   date of this Act.          SECTION 4.  (a)  The legal notice of the intention to   introduce this Act, setting forth the general substance of this   Act, has been published as provided by law, and the notice and a   copy of this Act have been furnished to all persons, agencies,   officials, or entities to which they are required to be furnished   under Section 59, Article XVI, Texas Constitution, and Chapter 313,   Government Code.          (b)  The governor, one of the required recipients, has   submitted the notice and Act to the Texas Commission on   Environmental Quality.          (c)  The Texas Commission on Environmental Quality has filed   its recommendations relating to this Act with the governor, the   lieutenant governor, and the speaker of the house of   representatives within the required time.          (d)  All requirements of the constitution and laws of this   state and the rules and procedures of the legislature with respect   to the notice, introduction, and passage of this Act are fulfilled   and accomplished.          SECTION 5.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2025.     * * * * *