By Brimer                                              H.B. No. 788
       74R3397 DAK-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the authority of a municipality to create an industrial
    1-3  development corporation and to levy a sales and use tax to carry
    1-4  out the projects of the corporation.
    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 in a county with a
   1-11  population of 750,000 or more, according to the most recent federal
   1-12  decennial census and 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 7.75 <7.25> percent on the date of any election held under
   1-16  or made applicable to this section;
   1-17                    (B)  that has a population of 400,000 or more,
   1-18  according to the most recent federal decennial census, and that is
   1-19  located in more than one county, and in which the combined rate of
   1-20  all sales and use taxes imposed by the city, the state, and other
   1-21  political subdivisions of the state having territory in the city,
   1-22  including taxes under this section, does not exceed 8.25 percent;
   1-23  or
   1-24                    (C)  to which Section 4A of this Act applies.
    2-1        SECTION 2.  The importance of this legislation and the
    2-2  crowded condition of the calendars in both houses create an
    2-3  emergency and an imperative public necessity that the
    2-4  constitutional rule requiring bills to be read on three several
    2-5  days in each house be suspended, and this rule is hereby suspended,
    2-6  and that this Act take effect and be in force from and after its
    2-7  passage, and it is so enacted.