By:  Erickson                                          H.B. No. 436
       73R2002 CBH-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the authority of a municipality located in more than
    1-3  one county to create an industrial development corporation and to
    1-4  levy a sales and use tax.
    1-5        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-6        SECTION 1.  Section 4B(a)(1), Development Corporation Act of
    1-7  1979 (Article 5190.6, Vernon's Texas Civil Statutes), is amended to
    1-8  read as follows:
    1-9              (1)  "Eligible city" means a city:
   1-10                    (A)  that is located wholly or partly in a county
   1-11  with a population of 750,000 or more, according to the most recent
   1-12  federal decennial census; and
   1-13                    (B)  in which the combined rate of all sales and
   1-14  use taxes imposed by the city, the state, and other political
   1-15  subdivisions of the state having territory in the city does not
   1-16  exceed 7.25 percent on the date of any election held under or made
   1-17  applicable to this section.
   1-18        SECTION 2.  The importance of this legislation and the
   1-19  crowded condition of the calendars in both houses create an
   1-20  emergency and an imperative public necessity that the
   1-21  constitutional rule requiring bills to be read on three several
   1-22  days in each house be suspended, and this rule is hereby suspended,
   1-23  and that this Act take effect and be in force from and after its
   1-24  passage, and it is so enacted.