By: Gray H.B. No. 558 73R2676 LJD-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to cities eligible to create certain industrial 1-3 development corporations. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 4B(a)(1), Development Corporation Act of 1-6 1979 (Article 5190.6, Vernon's Texas Civil Statutes), is amended to 1-7 read as follows: 1-8 (1) "Eligible city" means a city: 1-9 (A) that is located in whole or in part in a 1-10 county with a population of 750,000 or more, according to the most 1-11 recent federal decennial census; and 1-12 (B) in which the combined rate of all sales and 1-13 use taxes imposed by the city, the state, and other political 1-14 subdivisions of the state having territory in the city does not 1-15 exceed 7.25 percent on the date of any election held under or made 1-16 applicable to this section. 1-17 SECTION 2. The importance of this legislation and the 1-18 crowded condition of the calendars in both houses create an 1-19 emergency and an imperative public necessity that the 1-20 constitutional rule requiring bills to be read on three several 1-21 days in each house be suspended, and this rule is hereby suspended, 1-22 and that this Act take effect and be in force from and after its 1-23 passage, and it is so enacted.