Texas HB4820 allows certain water districts bordering the Gulf of America and an international border to issue obligations during a disaster.

Texas HB4820 amends the Water Code to allow certain water districts bordering the Gulf of America and an international border to issue obligations during a disaster declaration. Specifically, the bill modifies the criteria for districts that can issue bond anticipation notes or tax anticipation notes without commission approval. It also outlines conditions under which these notes can be issued, including the requirement for a certified copy of the note authorization to be sent to the attorney general for approval.

Texas HB4820 allows certain water districts bordering the Gulf of America and an international border to issue obligations during a disaster.

Texas HB4820 amends the Water Code to allow certain water districts bordering the Gulf of America and an international border to issue obligations during a disaster declaration. Specifically, the bill modifies the criteria for districts that can issue bond anticipation notes or tax anticipation notes without commission approval. It also outlines conditions under which these notes can be issued, including the requirement for a certified copy of the note authorization to be sent to the attorney general for approval.