Texas HB1407 amends Local Government Code to enhance the authority of public utility agencies, including issuing bonds and imposing assessments.

Texas HB1407 amends the Local Government Code to strengthen the authority of public utility agencies. It allows these agencies to issue bonds and impose assessments to finance infrastructure investments. The bill also clarifies the liability and management responsibilities of these agencies, ensuring that they assume full liability for facilities and operations upon ownership. Additionally, it specifies that public utility agencies cannot use existing facilities to secure new facilities without approval from participating public entities.

Texas HB1407 amends Local Government Code to enhance the authority of public utility agencies, including issuing bonds and imposing assessments.

Texas HB1407 amends the Local Government Code to strengthen the authority of public utility agencies. It allows these agencies to issue bonds and impose assessments to finance infrastructure investments. The bill also clarifies the liability and management responsibilities of these agencies, ensuring that they assume full liability for facilities and operations upon ownership. Additionally, it specifies that public utility agencies cannot use existing facilities to secure new facilities without approval from participating public entities.