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House Bill 1458 |
House Author: Bailey |
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Effective: 6-17-05 |
Senate Sponsor: Gallegos |
House Bill 1458 amends the Special District Local Laws Code to create the Airline Improvement District in Harris County. The bill grants the district the powers of a 4B development corporation. If authorized by the appropriate elections, the district may impose an ad valorem tax and a sales and use tax. It is prohibited from imposing an impact fee or assessment on residential property. The bill requires the district to obtain City of Houston approval for issuance of any improvement project bond unless the district has obtained its approval of a capital improvements budget. The City of Houston must also approve plans and specifications for certain improvement projects.