H.B. No. 1077
    1-1                                AN ACT
    1-2  relating to the use of corporate revenue of certain industrial
    1-3  development corporations for promotional purposes.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 4A(b), 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        (b)(1)  A city may create a corporation under this Act
    1-9  governed by this section.  The corporation has the powers and is
   1-10  subject to the limitations of a corporation created under other
   1-11  provisions of this Act.  To the extent of a conflict between this
   1-12  section and another provision of this Act, this section prevails.
   1-13  The articles of incorporation of a corporation under this section
   1-14  must state that the corporation is governed by this section.  A
   1-15  city may not create more than one corporation governed by this
   1-16  section.  A corporation created under this section may spend no
   1-17  more than 10 percent of the corporate revenues for promotional
   1-18  purposes and may contract with other existing private corporations
   1-19  to carry out industrial development programs consistent with the
   1-20  purposes and duties as set out in this Act.
   1-21              (2)  Notwithstanding Subdivision (1), a corporation
   1-22  created under this section may spend no more than 25 percent of the
   1-23  corporate revenues for promotional purposes if the corporation was
   1-24  created by a city:
    2-1                    (i)  the municipal limits of which include two
    2-2  counties;
    2-3                    (ii)  that has less than 24,250 population
    2-4  according to the 1990 federal census; and
    2-5                    (iii)  any part of which is located within ten
    2-6  miles of a federal military reservation.
    2-7        SECTION 2.  This Act takes effect September 1, 1993.
    2-8        SECTION 3.  The importance of this legislation and the
    2-9  crowded condition of the calendars in both houses create an
   2-10  emergency and an imperative public necessity that the
   2-11  constitutional rule requiring bills to be read on three several
   2-12  days in each house be suspended, and this rule is hereby suspended.