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House Bill 2396 |
House Author: McClendon |
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Effective: 9-1-11 |
Senate Sponsor: Zaffirini |
House Bill 2396 amends the Transportation Code to increase from more than 700,000 to more than 1.3 million the population of the principal municipality of a metropolitan rapid transit authority in which the board of the authority is authorized to order an election to create an advanced transportation district and to impose a sales and use tax. The bill authorizes the governing body of a district, without the necessity of an election, to pledge certain proceeds of the tax to tax revenue bonds as prescribed by the bill if the board of the authority has fulfilled certain notice and hearing requirements.