|
House Bill 1966 |
House Author: Deshotel |
|
Effective: 6-14-13 |
Senate Sponsor: Williams |
House Bill 1966 amends the Local Government Code to add a temporary provision, set to expire September 1, 2017, to include as an authorized project, for certain corporations under the Development Corporation Act, expenditures found by the board of directors to be required or suitable for infrastructure improvements necessary to develop and revitalize areas in the corporation's authorizing municipality. This provision is applicable only to a corporation the creation of which was authorized by a municipality that has a population of 10,000 or more, is located in a county bordering the Gulf of Mexico or the Gulf Intracoastal Waterway, and has, or is included in a metropolitan statistical area of this state that has, an unemployment rate that averaged at least two percent above the state average for the most recent two consecutive years for which statistics are available.