|
Senate Bill 1730 |
Senate Author: Janek |
|
Effective: 6-17-05 |
House Sponsor: Haggerty |
Senate Bill 1730 amends the Local Government Code to allow the governing body of a municipality or county that imposes a hotel occupancy tax to hold an election on the issue of using property tax revenue, in addition to hotel occupancy tax revenue, to finance a sports or community venue project. If a majority of the votes cast favor such use of property tax revenue, the bill requires the municipality or county to deposit property tax revenue in its venue project fund in an amount not to exceed the amount authorized by the voters.