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Senate Bill 479 |
Senate Author: Hughes |
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Effective: 5-15-21 |
House Sponsor: VanDeaver |
Senate Bill 479 amends the Special District Local Laws Code to explicitly authorize the TexAmericas Center to exercise the power to, for a fee, provide services or operate facilities inside or outside the boundaries of the center and the state to promote, enhance, develop, or assist a person in the creation of a new business, industry, or commercial activity in the center's boundaries. The bill authorizes the center to issue, sell, and deliver obligations and execute credit agreements and authorizes the center to delegate its authority in connection with the issuance of bonds in the same manner as an issuer of obligations for certain public improvements. Moreover, the bill authorizes the center to exercise the powers given to a defense base development authority.