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House Bill 4360 |
House Author: Geren |
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Effective: 6-19-09 |
Senate Sponsor: Nelson |
House Bill 4360 amends the Local Government Code to authorize a municipality or county to deposit into its venue project fund, if the revenue is not otherwise dedicated, all or a portion of any revenue received from certain payments the municipality or county receives as the owner of oil, gas, and other mineral interests and from the fees, payments, or charges imposed by a joint operating board to which a municipality or county is a party or by a nonprofit corporation created by and acting on behalf of a county or municipality. The bill also authorizes a municipality or county to deposit into such a fund any other revenue the municipality by ordinance or the county by order determines is appropriate for financing a venue project and related infrastructure.
House Bill 4360 authorizes a municipality or county to impose an event parking tax on each motor vehicle that parks in a parking facility of an approved venue project during any hours if the project consists of three or more separate but adjacent venue facilities. The bill authorizes a municipality with a population of more than 700,000 within a county with a population of more than one million adjacent to a county with a population of more than two million to impose the tax at a maximum rate of $5 per motor vehicle and authorizes such a municipality that has adopted a lower rate to increase the rate to the maximum rate by ordinance if the increase is approved by a majority of the registered voters of the municipality voting at an election called and held for that purpose.