Significant Floor Actions
H.B. 4 (Ritter), relating to the creation and funding of the state water implementation fund for Texas to assist the Texas Water Development Board in the funding of certain water-related projects. Passed the House. As passed by the House, the bill would provide that: (1) the state water implementation fund for Texas is created as a special fund outside the state treasury; (2) the fund consists of: (a) money transferred or deposited to the credit of the fund by law; (b) the proceeds of any fee or tax imposed by this state that the legislature by statute dedicates for deposit to the credit of the fund; (c) any other revenue that the legislature by statute dedicates for deposit to the credit of the fund; (d) interest earned on the balance of the fund; and (e) money transferred to the fund under a bond enhancement agreement; (3) a newly-created Texas Treasury Safekeeping Trust Company shall manage and invest the fund, maintaining sufficient liquidity to meet the needs of the fund and adopting a written investment policy appropriate for the fund; (4) at the direction of the Texas Water Development Board, the trust company shall make disbursements from the fund to another fund or account pursuant to a bond enhancement agreement in the amounts the board determines are needed for debt service payments on or security provisions of the board’s general obligation or revenue bonds; (5) of the money disbursed from the fund, the board shall apply not less than: (a) 10 percent to support projects included in the state water plan that are designed to serve rural areas and (b) 20 percent to support projects included in the state water plan that are for water conservation or reuse; (6) the board shall use money from the fund to provide financing to projects that prioritize using historically underutilized businesses; (7) the board may direct the trust company to enter into bond enhancement agreements to provide a source of revenue or security for the payment of the principal or interest on bonds issued by the board to finance or refinance projects included in the state water plan if the proceeds of the sale of the bonds have been or will be deposited to the credit of: (a) the state water implementation fund; (b) the water infrastructure fund; (c) the rural water assistance fund; (d) the Texas Water Development Fund II state participation account; or (e) the agricultural water conservation fund; (8) the board may direct the trust company to make disbursements for the support of bonds, including certain bonds issued before September 1, 2013; (9) each regional water planning group shall prioritize projects in its respective region and the board shall prioritize projects in the state water plan; (10) the State Water Implementation Fund for Texas Advisory Committee is created and is composed of the comptroller, three members of the senate appointed by the lieutenant governor, and three members of the house appointed by the speaker of the house; (11) the advisory committee shall submit recommendations to the board regarding the use of money in the fund for use by the board; (12) money in the state water implementation fund for Texas may be used only to provide financing or refinancing for projects included in the state water plan; and (13) financing or refinancing of projects may be provided by using money in the fund to make loans or purchase bonds below prevailing market rates.
S.B. 249 (Patrick), relating to the prosecution of the offense of breach of computer security. Passed the Senate.
S.B. 360 (Watson), relating to methods used by an animal shelter to euthanize a dog or cat. Passed the Senate.
S.B. 366 (Taylor), relating to the authority of political subdivisions to offer certain deferred compensation plans to employees. Passed the Senate.
S.B. 471 (Ellis), relating to technological efficiencies in the recording of certain open meetings. Passed the Senate.
S.B. 1110 (Nichols), relating to the purposes and designation of a transportation reinvestment zone. Passed the Senate.