By De La Garza, Chisum H.B. No. 2887 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the powers and duties of certain industrial development 1-3 corporations created by cities. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. The Development Corporation Act of 1979 (Article 1-6 5190.6, Vernon's Texas Civil Statutes) is amended by adding Section 1-7 4C to read as follows: 1-8 Sec. 4C. ADDITIONAL PROJECT IN CERTAIN CORPORATIONS. (a) A 1-9 city that has created a corporation under Section 4A of this Act 1-10 may, with the approval of the corporation, call and hold an 1-11 election on whether to undertake one project permitted for a 1-12 corporation governed by Section 4B of this Act. On receipt by the 1-13 city of a petition from more than 10 percent of the registered 1-14 voters of the city requesting an election on the issue, the 1-15 commission and the corporation shall formally consider whether to 1-16 hold the election. 1-17 (b) Before holding the election, the city and corporation 1-18 jointly shall hold at least three public hearings on the issue. 1-19 (c) City funds, taxes imposed under this Act, and interest 1-20 on those taxes may not be used to finance a campaign for or against 1-21 the proposition. On violation of this subsection, an election 1-22 approving the proposition is void. 1-23 (d) Before the election, taxes imposed under this Act and 2-1 interest on those taxes may not be used to study the feasibility of 2-2 or plan a project the undertaking of which is contingent on the 2-3 approval of the proposition. 2-4 (e) An employee of the city or corporation may not campaign 2-5 for or against the proposition during the employee's hours of 2-6 employment. 2-7 (f) The ballot proposition at the election must specify the 2-8 project under Section 4B of this Act that the corporation intends 2-9 to undertake if the proposition is approved. 2-10 (g) If a majority of votes cast on the proposition at the 2-11 election is in favor of the proposition, the corporation may 2-12 undertake the project specified on the ballot, notwithstanding that 2-13 the corporation is governed by Section 4A of this Act. If a 2-14 majority of votes cast on the proposition at the election is 2-15 against the proposition, the corporation may not undertake the 2-16 project. 2-17 (h) A city may not hold more than one election under this 2-18 section. 2-19 (i) This section expires January 1, 1997. 2-20 SECTION 2. The importance of this legislation and the 2-21 crowded condition of the calendars in both houses create an 2-22 emergency and an imperative public necessity that the 2-23 constitutional rule requiring bills to be read on three several 2-24 days in each house be suspended, and this rule is hereby suspended, 2-25 and that this Act take effect and be in force from and after its 3-1 passage, and it is so enacted.