TX HB4820

Water districts located wholly within first tier coastal counties may issue notes during or prior to a disaster declaration without Texas Commission on Environmental Quality approval, provided the note authorization has been submitted to the attorney general for approval

Districts in first tier coastal counties can issue bond anticipation notes or tax anticipation notes beginning on the date of a disaster declaration and continuing for the duration of the declaration, bypassing the normal requirement to have a bond application on file with the commission

Notes issued under these disaster provisions are legally incontestable and remain valid and binding obligations according to their terms

"Disaster declaration" includes both federal declarations by the president and state declarations under Chapter 418 of the Government Code, including any amendments, modifications, or extensions

The bill takes effect immediately if passed by two-thirds vote of both legislative chambers, otherwise takes effect September 1, 2025