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Committee hears bill to streamline TCEQ review of special utility district revenue bonds
Summary
A committee substitute to House Bill 3,483 would direct the Texas Commission on Environmental Quality to adopt an expedited review pathway for revenue bonds issued by special utility districts (SUDs); supporters said it would remove tax-bond requirements that do not apply to SUDs and could shorten review timelines from months to 45–60 days.
Chairman Pete Bettencourt recognized Senate sponsor Senator Perry to explain the committee substitute to House Bill 3,483.
Senator Perry said the substitute would require the Texas Commission on Environmental Quality to develop a streamlined review process for revenue bonds issued by special utility districts, removing requirements that apply only to tax-secured bonds. "Under…
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