Enrolled Bill Summary

            Senate Bill 1565 amends the Local Government Code to provide for the creation of a defense adjustment management authority for the purposes of economic development. The bill authorizes a municipality to create such an authority in an area that (1) is located in the same county as a military installation or military facility that has been closed or realigned or is part of a base efficiency project and (2) is located in the extraterritorial jurisdiction of a municipality with a population of at least 1.1 million and that has been annexed for limited purposes. It establishes requirements for holding public hearings on the creation of the proposed authority, and it provides for the appointment of a board of directors, setting forth the qualifications, terms, powers, and duties of the board members. The bill grants the authority the zoning power and the power to regulate subdivisions and property development held by a municipality. Senate Bill 1565 permits an authority to pay for eligible economic development projects in areas designated by the authority's master plan through the issuance of bonds and notes, if approved by the municipality that created the authority, or through the imposition of a sales and use tax, if approved by voters at an election held for that purpose. An authority may enter into regional development agreements with its creating municipality or certain other entities, such as a county, school district, college or university, or private interest, to advance long-term economic development in the authority or, with some restrictions, to fund improvements to school facilities and teacher pay at a local school or college. The bill provides for the dissolution of the district by the governing body of the creating municipality.