SENATE BILL 1111 |
SENATE AUTHOR: West |
EFFECTIVE: 05-28-03 |
HOUSE SPONSOR: Hill |
Senate Bill 1111 amends Local Government Code provisions relating to financing sports and community venue projects to create exceptions to the five percent maximum tax rate for short-term motor vehicle rentals and the two percent maximum tax rate for hotel rooms. It allows a county with a population of more than two million that is adjacent to a county with a population of more than one million to impose tax rates of up to six percent and three percent, respectively, with voter approval. For a project in such a county, the bill requires a sports and community venue district to make a good faith effort to increase the contracts awarded to historically underutilized businesses for construction of a venue project and for purchase of related goods and services. It also makes a district's books, records, and papers for a venue project in any county subject to disclosure under the state's public information law.