HB 1107 (2014) -  Utility Cost Containment Bonds

by Wood
Designates act as "Utility Cost Containment Bond Act"; authorizes authority on behalf of local agencies to finance utility projects using cost containment bonds; provides criteria for use by local agencies in financing utility projects; specifies how utility project charges become effective & how they are to be paid; provides parameters in use of utility cost containment bonds; prohibits utility bond documents from obligating state or political subdivision thereof to enact tax or make appropriation to pay bonds; provides restrictions on type of legal obligations that financing costs constitute; clarifies issues related to utility project property; identifies lien priority of utility project property in securing payment of utility cost containment bonds; prohibits authority, or governmental officer or organization on its behalf, from filing bankruptcy; provides for liberal construction.
Effective Date: July 1, 2014
Last Event: Died in Finance & Tax Subcommittee on Friday, May 2, 2014 10:39 PM

Referred Committees and Committee Actions

Related Bills

Staff Analysis

Chamber Committee
Chamber: House Committee: Energy & Utilities Subcommittee 3/24/2014 5:25:02 PM
Chamber: House Committee: Energy & Utilities Subcommittee 3/21/2014 7:10:57 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Finance & Tax Subcommittee Time: 05/02/2014 - 10:39 PM Member: Committee: Finance & Tax Subcommittee Version: __
Event: H Now in Finance & Tax Subcommittee Time: 03/31/2014 - 5:25 PM Member: Committee: Finance & Tax Subcommittee Version: __
Event: H Reported out of Energy & Utilities Subcommittee Time: 03/31/2014 - 5:25 PM Member: Committee: Energy & Utilities Subcommittee Version: __
Event: H Favorable by Energy & Utilities Subcommittee Time: 03/24/2014 - 2:30 PM Member: Committee: Energy & Utilities Subcommittee Version: __
Event: H Added to Energy & Utilities Subcommittee agenda Time: 03/20/2014 - 4:10 PM Member: Committee: Energy & Utilities Subcommittee Version: __
Event: H Now in Energy & Utilities Subcommittee Time: 03/05/2014 - 3:53 PM Member: Committee: Energy & Utilities Subcommittee Version: __
Event: H Referred to Regulatory Affairs Committee Time: 03/05/2014 - 3:53 PM Member: Committee: Regulatory Affairs Committee Version: __
Event: H Referred to Finance & Tax Subcommittee Time: 03/05/2014 - 3:53 PM Member: Committee: Finance & Tax Subcommittee Version: __
Event: H Referred to Energy & Utilities Subcommittee Time: 03/05/2014 - 3:53 PM Member: Committee: Energy & Utilities Subcommittee Version: __
Event: H 1st Reading Time: 03/04/2014 - 11:50 PM Member: Committee: Version: __
Event: H Filed Time: 02/25/2014 - 2:37 PM Member: Wood Committee: Version: __