By:  Truan                                             S.B. No. 829
       73R4873 JD-F
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to ad valorem tax abatement in a reinvestment zone.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Section 311.013(i), Tax Code, is amended to read
    1-5  as follows:
    1-6        (i)  Subsections (f) and (g) do not apply to a city with a
    1-7  population of more than 230,000 that borders <the Gulf of Mexico
    1-8  or> Mexico.
    1-9        SECTION 2.  Section 27, Chapter 1137, Acts of the 71st
   1-10  Legislature, Regular Session, 1989, is amended  to read as follows:
   1-11        Sec. 27.  The change in law made by Section 25 of this Act
   1-12  does not apply to the payment of all or part of the tax increment
   1-13  produced by a taxing unit into the tax increment fund for a
   1-14  reinvestment zone for which the initial reinvestment zone financing
   1-15  plan has been approved by the governing body of the municipality
   1-16  before the effective date of this Act.  The payment of all or part
   1-17  of that tax increment into the tax increment fund is governed by
   1-18  the applicable law in effect immediately before the effective date
   1-19  of this Act, and the former law is continued in effect for that
   1-20  purpose.  <The provisions of Subsections (f) and (g) of Section
   1-21  311.013, Tax Code, as added by Section 25 of this Act shall not
   1-22  apply to cities of over 230,000 in population that border the Gulf
   1-23  of Mexico or Mexico.>
   1-24        SECTION 3.  The importance of this legislation and the
    2-1  crowded condition of the calendars in both houses create an
    2-2  emergency and an imperative public necessity that the
    2-3  constitutional rule requiring bills to be read on three several
    2-4  days in each house be suspended, and this rule is hereby suspended.