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House Bill 2388 |
House Author: Menendez |
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Effective: 6-14-13 |
Senate Sponsor: Van de Putte et al. |
House Bill 2388 amends the Local Government Code to define, under provisions relating to defense base development authorities, "qualifying project" as any real estate project involving the construction of the following: tenant finish-out or construction of a build-to-suit facility for a tenant who, through the execution of a lease with such an authority, pays for or reimburses the authority for the cost of the improvements; infrastructure improvements, including roads, driveways, or utility extensions, made in connection with the sale or lease of property owned by the authority and for which the proceeds of the sale or the lease are used to reimburse the authority for the infrastructure improvements; or an income-producing facility that generates revenue for the authority and that is constructed by a private developer with special expertise in development.