H.B. No. 3483 amends the Government Code and Water Code to expand the authority of special utility districts to issue public securities. The bill specifically adds a new definition of "issuer" to include conservation and reclamation districts organized as special utility districts, allowing them to issue bonds or notes for various purposes, including the construction and operation of waterworks, sanitary sewer systems, and solid waste disposal systems. Additionally, it introduces a requirement for a simplified review and approval process for projects financed by revenue bonds, ensuring that these projects can be expedited.

The bill also modifies existing language regarding the issuance of bonds and notes by districts, removing certain phrases while clarifying the purposes for which these financial instruments can be utilized. The changes aim to streamline the process for special utility districts to secure funding for essential services and infrastructure improvements. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: ()
House Committee Report: Government Code 1371.001, Water Code 65.501 (Government Code 1371, Water Code 65)
Engrossed: Government Code 1371.001, Water Code 65.501 (Government Code 1371, Water Code 65)
Senate Committee Report: Government Code 1371.001, Water Code 65.501 (Government Code 1371, Water Code 65)