H.B. No. 3097         AN ACT   relating to the issuance of anticipation notes or other obligations   by issuers located along the Gulf Coast in an emergency.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 1431.015(b), Government Code, is amended   to read as follows:          (b)  Notwithstanding any other provision of this chapter or a   rating requirement prescribed by Chapter 1371, an issuer located   within 70 miles of the Gulf of Mexico or of a bay or inlet of the   gulf may authorize the issuance of an anticipation note or other   obligation in the event of an emergency.  An anticipation note or   other obligation issued under this section is an obligation under   Chapter 1371, but is not required to be rated as required by that   chapter.          SECTION 2.  The change in law made by this Act applies only   to an anticipation note or obligation issued on or after the   effective date of this Act.  A note or obligation issued before the   effective date of this Act is governed by the law in effect on the   date the note or obligation was issued, and that law is continued in   effect for that purpose.          SECTION 3.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2023.       ______________________________ ______________________________      President of the Senate Speaker of the House                   I certify that H.B. No. 3097 was passed by the House on May 6,   2023, by the following vote:  Yeas 125, Nays 9, 2 present, not   voting.     ______________________________   Chief Clerk of the House                 I certify that H.B. No. 3097 was passed by the Senate on May   24, 2023, by the following vote:  Yeas 31, Nays 0.     ______________________________   Secretary of the Senate       APPROVED:  _____________________                      Date                           _____________________                    Governor