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Senate Bill 660 |
Senate Author: West |
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Effective: 6-14-13 |
House Sponsor: Anchia |
Senate Bill 660 amends the Local Government Code to authorize certain municipalities that undertake a project that confers a special benefit on areas that share a common characteristic or use to adopt procedures for the collection of assessments under the Public Improvement District Assessment Act that are consistent with the municipality's procedures for the collection of a municipal hotel occupancy tax and to pursue remedies for the failure to pay an assessment under the Public Improvement District Assessment Act that are available to the municipality for failure to pay a municipal hotel occupancy tax.
Senate Bill 660 amends the Tax Code to entitle certain populous municipalities required to allocate a certain portion of municipal hotel occupancy tax revenue toward the municipality's convention center complex to receive in the same manner all funds and revenue that a municipality is authorized to receive under provisions relating to the use of certain tax revenue in certain municipalities for qualified projects such as enhancing and upgrading convention center facilities, multipurpose arenas, venues, or related infrastructure. The bill also authorizes these populous municipalities to pledge the funds and revenue for the payment of obligations incurred for the construction of an authorized qualified project.