By Hartnett, Marchant, Wolens, Allen H.B. No. 1236 74R5041 T A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the authority of Dallas County Utility and Reclamation 1-3 District to enter into tax abatement agreements, to designate 1-4 reinvestment zones and to utilize all functions and procedures of 1-5 the Property Redevelopment and Tax Abatement Act, Title 3, Ch. 312 1-6 of the Texas Tax Code; and validating prior elections and other 1-7 actions and contracts. 1-8 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-9 SECTION 1. Chapter 628 Acts of the 68th Legislature Regular 1-10 Session, 1983, is hereby amended by adding Section 4B to read as 1-11 follows: 1-12 SECTION 4B. In addition to the powers granted elsewhere in 1-13 this Act, the District is hereby vested with and shall have and may 1-14 exercise the following additional rights, powers, privileges, 1-15 authorities and functions: 1-16 (1) The District may enter into tax abatement 1-17 agreements and may designate areas as reinvestment zones pursuant 1-18 to Article 8, Section 1g of the Texas Constitution. This Act and 1-19 Title 3, Chapter 312 of the Texas Tax Code, the Property 1-20 Redevelopment and Tax Abatement Act ("Tax Abatement Act"). The Tax 1-21 Abatement Act shall be followed by the District except to the 1-22 extent modified by this Act. In the case of any conflict between 1-23 this Act and the Tax Code, the provisions of this Act shall 1-24 prevail. 2-1 (2) This Act shall stay in effect during the effective 2-2 date of all tax abatement agreements entered into by the District 2-3 or until this Act is amended by the Legislature, whichever occurs 2-4 later. 2-5 (3) The governing body of the District may designate 2-6 as a reinvestment zone, an area within its boundaries that 2-7 satisfies the requirements of Section 312.202 of the Tax Abatement 2-8 Act. 2-9 (4) The District and its governing body shall have all 2-10 of a municipalities' rights, powers and authorization contained in 2-11 the Tax Abatement Act. 2-12 (5) The District may enter into tax abatement 2-13 agreements for periods not to exceed thirty (30) years subject to 2-14 the rights of holders of outstanding tax supported bonds of the 2-15 District. The District may enter into tax abatement agreements 2-16 relative to real property and to all personal property. 2-17 (6) Tax abatement agreements entered into by the 2-18 District are not required to contain identical terms of other tax 2-19 abatement agreements, if any, covering the same or a portion of the 2-20 same exempted property. 2-21 (7) The District may enter into tax abatement 2-22 agreements for facilities and structures that commenced, or were 2-23 modified, on or after January 1, 1995, but before the effective 2-24 date of this Act. 2-25 (8) The District may exempt personal property located 2-26 on property described in (7) above in each year covered by the 2-27 agreement except for personal property located on the property at 3-1 any time before the period covered by the agreement began. 3-2 SECTION 2. Actions of the District before the effective date 3-3 of this Act, with regard to an election, contract, the issuance of 3-4 bonds and other obligations and the expenditure of funds in payment 3-5 of the bonds, annexations, and other governmental and proprietary 3-6 actions, are validated and confirmed. 3-7 SECTION 3. The Legislature specifically finds and declares 3-8 that the requirements of Article XVI, Section 59(d) and (e), and 3-9 Article III, Section 52, of the Texas Constitution have been met 3-10 and accomplished in due course and time and in due order, and that 3-11 the Legislature has the authority to enact this Act. 3-12 SECTION 4. The importance of this legislation and the 3-13 crowded condition of the calendars in both houses create an 3-14 emergency and an imperative public necessity that the 3-15 constitutional rule requiring bills to be read on three several 3-16 days in each house be suspended, and this rule is hereby suspended, 3-17 and that this Act take effect and be in force from and after its 3-18 passage, and it is so enacted.