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TX HB1353
Bill
Status
5/2/2025
Primary Sponsor
Ryan Guillen
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AI Summary
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Adds the Texas Commission on Environmental Quality and the Public Utility Commission of Texas to the list of state agencies authorized to issue bonds under international cooperation agreements with Mexico
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Clarifies that agreements using state treasury funds for projects "inside or outside of this state" require approval from both the governor and the Legislative Budget Board
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Creates new authority for designated state agencies to establish funding mechanisms to jointly invest in and leverage funding for Texas infrastructure with the North American Development Bank
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Existing agencies already authorized to issue bonds under these agreements include the Department of Agriculture, Texas Department of Economic Development, Texas Department of Housing and Community Affairs, Texas Public Finance Authority, Texas Turnpike Authority, and Texas Water Development Board
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Effective date: September 1, 2025
Legislative Description
Relating to international cooperation agreements between certain state agencies and the United Mexican States and funding for infrastructure investment in this state; providing authority for certain agencies to issue bonds.
State Finances
Last Action
Received from the House
5/5/2025