1-1 By: Blackwood (Senate Sponsor - Sibley) H.B. No. 1745
1-2 (In the Senate - Received from the House April 26, 1993;
1-3 April 27, 1993, read first time and referred to Committee on
1-4 Intergovernmental Relations; May 12, 1993, reported favorably by
1-5 the following vote: Yeas 8, Nays 0; May 12, 1993, sent to
1-6 printer.)
1-7 COMMITTEE VOTE
1-8 Yea Nay PNV Absent
1-9 Armbrister x
1-10 Leedom x
1-11 Carriker x
1-12 Henderson x
1-13 Madla x
1-14 Moncrief x
1-15 Patterson x
1-16 Rosson x
1-17 Shapiro x
1-18 Wentworth x
1-19 Whitmire x
1-20 A BILL TO BE ENTITLED
1-21 AN ACT
1-22 relating to the financing and use of certain property by a
1-23 municipality or county.
1-24 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-25 SECTION 1. Section 3, Chapter 508, Acts of the 71st
1-26 Legislature, Regular Session, 1989 (Article 1182n, Vernon's Texas
1-27 Civil Statutes), is amended to read as follows:
1-28 Sec. 3. Financing of permanent improvements by an eligible
1-29 county or an eligible municipality. (a) An eligible county or an
1-30 eligible municipality may issue negotiable bonds, certificates of
1-31 obligation, or both for the purpose of acquiring, constructing, and
1-32 improving land, buildings, or other permanent improvements for use
1-33 by an institution of higher education located within an eligible
1-34 county, and may assess, levy, and collect ad valorem taxes to pay
1-35 the principal of and interest on those bonds or certificates of
1-36 obligation and to provide a sinking fund.
1-37 (b) The issuance of the bonds and the levy of the taxes
1-38 shall be in accordance with Chapter 1, Title 22, Revised Statutes.
1-39 The issuance of certificates of obligation and the levy of taxes to
1-40 pay the principal of and interest on those certificates of
1-41 obligation shall be in accordance with Chapter 271, Local
1-42 Government Code.
1-43 (c) There is no limit on the amount of taxes that may be
1-44 levied for the payment of the principal of and interest on the
1-45 bonds or certificates of obligation except for the limits provided
1-46 by the Texas Constitution.
1-47 (d) An eligible municipality may allow a state four-year
1-48 institution of higher education or system to use land or buildings
1-49 acquired by the eligible municipality. This does not apply to a
1-50 higher educational institution that is supported in any way by a
1-51 local tax base. This use is a municipal purpose and a public use
1-52 for the eligible municipality.
1-53 SECTION 2. The importance of this legislation and the
1-54 crowded condition of the calendars in both houses create an
1-55 emergency and an imperative public necessity that the
1-56 constitutional rule requiring bills to be read on three several
1-57 days in each house be suspended, and this rule is hereby suspended,
1-58 and that this Act take effect and be in force from and after its
1-59 passage, and it is so enacted.
1-60 * * * * *
1-61 Austin,
1-62 Texas
1-63 May 12, 1993
1-64 Hon. Bob Bullock
1-65 President of the Senate
1-66 Sir:
1-67 We, your Committee on Intergovernmental Relations to which was
1-68 referred H.B. No. 1745, have had the same under consideration, and
2-1 I am instructed to report it back to the Senate with the
2-2 recommendation that it do pass and be printed.
2-3 Armbrister,
2-4 Chairman
2-5 * * * * *
2-6 WITNESSES
2-7 No witnesses appeared on H.B. No. 1745.