reglab/housing_qa huggingface dataset:
TX Water Code § 49.154 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter E. Fiscal Provisions|Section 49.154. Bond Anticipation Notes; Tax Anticipation Notes

Sec. 49.154.  BOND ANTICIPATION NOTES;  TAX ANTICIPATION NOTES.  (a)  The board may declare an emergency in the matter of funds not being available to pay principal of and interest on any bonds of the district payable in whole or in part from taxes or to meet any other needs of the district and may issue tax anticipation notes or bond anticipation notes to borrow the money needed by the district without advertising or giving notice of the sale.  A district's bond anticipation notes or tax anticipation notes are negotiable instruments within the meaning and purposes of the Business & Commerce Code notwithstanding any provision to the contrary in that code.  Bond anticipation notes and tax anticipation notes shall mature within one year of their date.(b)  Tax anticipation notes may be issued for any purpose for which the district is authorized to levy taxes, and tax anticipation notes shall be secured with the proceeds of taxes to be levied by the district in the succeeding 12-month period.  The board may covenant with the purchasers of the notes that the board will levy a sufficient tax to pay the principal of and interest on the notes and pay the costs of collecting the taxes.(c)  Bond anticipation notes may be issued for any purpose for which bonds of the district may be issued or for the purpose of refunding previously issued bond anticipation notes.  A district may covenant with the purchasers of the bond anticipation notes that the district will use the proceeds of sale of any bonds in the process of issuance for the purpose of refunding the bond anticipation notes, in which case the board will be required to use the proceeds received from sale of the bonds in the process of issuance to pay principal, interest, or redemption price on the bond anticipation notes.(d)  Districts required to seek commission approval of bonds must have an application for such approval on file with the commission prior to the issuance of bond anticipation notes.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 105 (S.B. 902), Sec. 13, eff. September 1, 2013.|
TX Water Code § 49.155 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter E. Fiscal Provisions|Section 49.155. Payment of Expenses

Sec. 49.155.  PAYMENT OF EXPENSES.  (a)  The district may pay out of bond proceeds or other available funds of the district all expenses of the district authorized by this section, including expenses reasonable and necessary to effect the issuance, sale, and delivery of bonds as determined by the board, including, but not limited to, the following:(1)  interest during construction;(2)  capitalized interest not to exceed three years' interest;(3)  reasonable and necessary reserve funds not to exceed two years' interest on the bonds;(4)  interest on funds advanced to the district;(5)  financial advisor, bond counsel, attorney, and other consultant fees;(6)  paying agent, registrar, and escrow agent fees;(7)  right-of-way acquisition;(8)  underwriter's discounts or premiums;(9)  engineering fees, including surveying expenses and plan review fees;(10)  commission and attorney general fees;(11)  printing costs;(12)  all organizational, administrative, and operating costs during creation and construction periods;(13)  the cost of investigation and making plans, including preliminary plans and associated engineering reports;(14)  land required for stormwater control;(15)  costs associated with requirements for federal stormwater permits;  and(16)  costs associated with requirements for endangered species permits.(b)  For purposes of this section, construction periods shall mean any periods during which the district is constructing its facilities or there is construction by third parties of above ground improvements within the district, but in no event longer than five years.(c)  The district may reimburse any person for money advanced for the purposes in Subsection (a) and may be charged interest on such funds.(d)  These payments may be made from money obtained from the issuance of notes or the sale of bonds issued by the district or out of maintenance taxes or other revenues of the district.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.  Amended by Acts 1999, 76th Leg., ch. 1354, Sec. 12, eff. Sept. 1, 1999;  Acts 2001, 77th Leg., ch. 1423, Sec. 9, eff. June 17, 2001.|
TX Water Code § 49.156 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter E. Fiscal Provisions|Section 49.156. Depository

Sec. 49.156.  DEPOSITORY.  (a)  The board, by order or resolution, shall designate one or more banks or savings associations within the state to serve as the depository for the funds of the district.  The board shall not be required to advertise or solicit bids in selecting its depositories.(b)  To the extent that funds in the depository banks or savings associations are not insured by the Federal Deposit Insurance Corporation, they shall be secured in the manner provided by law for the security of funds by Chapter 2257, Government Code (Public Funds Collateral Act).(c)  The board may authorize a designated representative to supervise the substitution of securities pledged to secure the district's funds.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 49.157 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter E. Fiscal Provisions|Section 49.157. Investments

Sec. 49.157.  INVESTMENTS.  (a)  All district deposits and investments shall be governed by Subchapter A, Chapter 2256, Government Code (Public Funds Investment Act).(b)  The board may provide that an authorized representative of the district may invest and reinvest the funds of the district and provide for money to be withdrawn from the appropriate accounts of the district for the investments on such terms as the board considers advisable.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 49.1571 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter E. Fiscal Provisions|Section 49.1571. Investment Officer

Sec. 49.1571.  INVESTMENT OFFICER.  (a)  Notwithstanding Section 2256.005(f), Government Code, the board may contract with a person to act as investment officer of the district.(b)  The investment officer of a district shall:(1)  not later than the first anniversary of the date the officer takes office or assumes the officer's duties, attend a training session of at least six hours of instruction relating to investment responsibilities under Chapter 2256, Government Code;  and(2)  attend at least four hours of additional investment training within each two-year period after the first year.(c)  Training under this section must be from an independent source approved by:(1)  the board;  or(2)  a designated investment committee advising the investment officer.(d)  Training under this section must include education in investment controls, security risks, strategy risks, market risks, diversification of investment portfolio, and compliance with Chapter 2256, Government Code.(e)  During January of each year, each individual, association, business, organization, governmental entity, or other person that provides training under this section shall report to the comptroller a list of the districts for which the person provided required training under this section during the previous calendar year.  An individual's reporting requirements under this subsection are satisfied by a report of the individual's employer or the sponsoring or organizing entity of a training program or seminar.|Added by Acts 2001, 77th Leg., ch. 69, Sec. 3, eff. May 14, 2001.|
TX Water Code § 49.158 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter E. Fiscal Provisions|Section 49.158. Fiscal Year

Sec. 49.158.  FISCAL YEAR.  Within 30 days after a district becomes financially active, the board shall adopt a fiscal year by a formal board resolution.  The district shall notify the executive director of the adopted fiscal year within 30 days after adoption.  The district may change its fiscal year at any time;  provided, however, it may not be changed more than once in any 24-month period.  After any change in the district's fiscal year, the district shall notify the executive director of the changed fiscal year within 30 days after adoption.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 49.182 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter F. Issuance of Bonds|Section 49.182. Commission Supervision of Projects and Improvements

Sec. 49.182.  COMMISSION SUPERVISION OF PROJECTS AND IMPROVEMENTS.  (a)  During construction of projects and improvements approved by the commission under this subchapter, no substantial alterations may be made in the plans and specifications without the approval of the commission in accordance with commission rules.(b)  The executive director may inspect the improvements at any time during construction to determine if the project is being constructed in accordance with the plans and specifications approved by the commission.(c)  If the executive director finds that the project is not being constructed in accordance with the approved plans and specifications, the executive director shall give written notice immediately by certified mail to the district's manager and to each board member.(d)  If within 10 days after the notice is mailed the board does not take steps to ensure that the project is being constructed in accordance with the approved plans and specifications, the executive director shall give written notice of this fact to the attorney general.(e)  After receiving this notice, the attorney general may bring an action for injunctive relief or quo warranto proceedings against the directors.  Venue for either suit is exclusively in a district court in Travis County.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 49.183 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter F. Issuance of Bonds|Section 49.183. Bond Sales

Sec. 49.183.  BOND SALES.  (a)  Except for refunding bonds, or bonds sold to a state or federal agency or to the North American Development Bank, bonds issued by a district shall be sold after advertising for and receiving competitive sealed bids and shall be awarded to the bidder whose bid produces the lowest net effective interest rate to the district.(b)  Except for refunding bonds, or bonds sold to a state or federal agency or to the North American Development Bank, before any bonds are sold by a district, the board shall publish an appropriate notice of the sale:(1)  at least one time not less than 10 days before the date of sale in a newspaper of general circulation in the county or counties in which the district is located;  and(2)  at least one time in one or more recognized financial publications of general circulation in the state as approved by the state attorney general.(c)  If the district is issuing bonds and refunding bonds as one issue and if the initial principal amount of refunding bonds is 50 percent or more of the total initial principal amount of bonds being issued, for the purposes of this section, the issue shall be considered to be refunding bonds and competitive bids shall not be required.(d)  A district's bonds are negotiable instruments within the meaning and purposes of the Business & Commerce Code.  A district's bonds may be issued and bear interest in accordance with Chapters 1201, 1204, and 1371, Government Code, and Subchapters A-C, Chapter 1207, Government Code. Except for this subsection, this section does not apply to special water authorities or districts described in Section 49.181(h)(1)(D).(e)  Subsections (a) and (b) do not apply to district bonds issued pursuant to Chapter 1371, Government Code.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.421, eff. Sept. 1, 2001;  Acts 2001, 77th Leg., ch. 1423, Sec. 10, eff. June 17, 2001;  Acts 2003, 78th Leg., ch. 248, Sec. 13, eff. June 18, 2003;  Acts 2003, 78th Leg., ch. 608, Sec. 9, eff. June 20, 2003.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 156 (H.B. 1901), Sec. 3, eff. May 28, 2011.|
TX Water Code § 49.184 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter F. Issuance of Bonds|Section 49.184. Approval of Bonds by Attorney General; Registration of Bonds

Sec. 49.184.  APPROVAL OF BONDS BY ATTORNEY GENERAL;  REGISTRATION OF BONDS.  (a)  Before bonds issued by a district are delivered to the purchasers, a certified copy of all proceedings relating to organization of the district for first bond issues and issuance of the bonds and other relevant information shall be sent to the attorney general.(b)  The attorney general shall carefully examine the bonds, with regard to the record and the constitution and laws of this state governing the issuance of bonds, and the attorney general shall officially approve and certify the bonds if he or she finds that they conform to the record and the constitution and laws of this state and are valid and binding obligations of the district.(c)  After the attorney general approves and certifies the bonds, the comptroller shall register them in a book kept for that purpose and shall record the certificate of the attorney general.(d)  After the approval and registration of the bonds by the comptroller, they shall be incontestable in any court or other forum, for any reason, and shall be valid and binding obligations in accordance with their terms for all purposes.(e)  A contract or lease in which the proceeds of the contract or lease are pledged to the payment of a bond may be submitted to the attorney general along with the bond records, and, if submitted, the approval by the attorney general of the bonds shall constitute an approval of the contract or lease and the contract or lease shall be incontestable.  A contract or lease, other than a contract or lease in which the proceeds of the contract or lease are pledged to the payment of a bond, may be submitted to the attorney general along with the bond records, and, if reviewed and approved by the attorney general, the approval of the bonds shall constitute an approval of the contract or lease and the contract or lease shall be incontestable.(f)  In any proceeding concerning the validity of the creation of a district or the annexation of property by a district, a certificate of ownership as certified by the central appraisal district of the county or counties in which the property is located creates a presumption of ownership, and additional proof of ownership is not required unless there is substantial evidence in the official deed records of the county in which the property is located to rebut the presumption.  On request by a district, the central appraisal district of the county or counties in which the district is located shall furnish certificates of ownership and may charge reasonable fees to recover the actual costs incurred in preparing the certificates.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.  Amended by Acts 2001, 77th Leg., ch. 1423, Sec. 11, eff. June 17, 2001.Amended by: Acts 2017, 85th Leg., R.S., Ch. 352 (H.B. 1946), Sec. 1, eff. September 1, 2017.|
TX Water Code § 49.185 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter F. Issuance of Bonds|Section 49.185. Exemptions

Sec. 49.185.  EXEMPTIONS.  This subchapter shall not apply to districts engaged in the distribution and sale of electric energy to the public.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 49.186 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter F. Issuance of Bonds|Section 49.186. Authorized Investments; Security for Funds

Sec. 49.186.  AUTHORIZED INVESTMENTS;  SECURITY FOR FUNDS.  (a)  All bonds, notes, and other obligations issued by a district shall be legal and authorized investments for all banks, trust companies, building and loan associations, savings and loan associations, insurance companies of all kinds and types, fiduciaries, and trustees, and for all interest and sinking funds and other public funds of the state, and all agencies, subdivisions, and instrumentalities of the state, including all counties, cities, towns, villages, school districts, and all other kinds and types of districts, public agencies, and bodies politic.(b)  A district's bonds, notes, and other obligations are eligible and lawful security for all deposits of public funds of the state, and all agencies, subdivisions, and instrumentalities of the state, including all counties, cities, towns, villages, school districts, and all other kinds and types of districts, public agencies, and bodies politic, to the extent of the market value of the bonds, notes, and other obligations when accompanied by any unmatured interest coupons attached to them.|Added by Acts 1997, 75th Leg., ch. 1070, Sec. 9, eff. Sept. 1, 1997.|
TX Water Code § 49.191 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter G. Audit of Districts|Section 49.191. Duty to Audit

Sec. 49.191.  DUTY TO AUDIT.  (a)  The board shall have the district's fiscal accounts and records audited annually at the expense of the district.(b)  In all areas of conflict, the provisions of this subchapter shall take precedence over all prior statutory enactments.(c)  The person who performs the audit shall be a certified public accountant or public accountant holding a permit from the Texas State Board of Public Accountancy.(d)  The audit required by this section shall be completed within 120 days after the close of the district's fiscal year.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 49.192 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter G. Audit of Districts|Section 49.192. Form of Audit

Sec. 49.192.  FORM OF AUDIT.  The executive director shall adopt accounting and auditing manuals and, except as otherwise provided by the manuals, the district audit shall be performed according to the generally accepted auditing standards adopted by the American Institute of Certified Public Accountants.  Financial statements shall be prepared in accordance with generally accepted accounting principles as adopted by the American Institute of Certified Public Accountants.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 49.193 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter G. Audit of Districts|Section 49.193. Financial Reports

Sec. 49.193.  FINANCIAL REPORTS.  The district's depository, the district's treasurer, and the district's bookkeeper, if any, who receives or has control over any district funds shall keep a full and itemized account of district funds in its, his, or her possession.  Such itemized accounts and records shall be available for audit.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 49.194 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 49 - Provisions Applicable to All Districts|Subchapter G. Audit of Districts|Section 49.194. Filing of Audits, Affidavits, and Financial Reports

Sec. 49.194.  FILING OF AUDITS, AFFIDAVITS, AND FINANCIAL REPORTS.  (a)  Except as provided by Subsection (h), after the board has approved the audit report, it shall submit a copy of the report to the executive director for filing within 135 days after the close of the district's fiscal year.(b)  Except as provided by Subsection (h), if the board refuses to approve the annual audit report, the board shall submit a copy of the report to the executive director for filing within 135 days after the close of the district's fiscal year, accompanied by a statement from the board explaining the reasons for its failure to approve the report.(c)  Copies of the audit report, the annual financial dormancy affidavit, or annual financial report described in Sections 49.197 and 49.198 shall be filed annually in the office of the district.(d)  Each district shall file with the executive director an annual filing affidavit in a format prescribed by the executive director, executed by a duly authorized representative of the board, stating that all copies of the annual audit report, annual financial dormancy affidavit, or annual financial report have been filed under this section.(e)  The annual filing affidavit shall be submitted with the applicable annual document when it is submitted to the executive director for filing as prescribed by this subchapter.(f)  The executive director shall file with the attorney general the names of any districts that do not comply with the provisions of this subchapter.(g)  A submission to the executive director required by this section may be made electronically.(h)  A special water authority shall submit a copy of the audit report to the executive director for filing not later than the 160th day after the date the special water authority's fiscal year ends.|Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.  Amended by Acts 2003, 78th Leg., ch. 248, Sec. 14, eff. June 18, 2003.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 105 (S.B. 902), Sec. 15, eff. September 1, 2013.|