By De La Garza H.B. No. 2887
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the purposes for which certain industrial development
1-3 corporations may use revenue from the sales and use tax.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 4A, Development Corporation Act of 1979
1-6 (Article 5190.6 Vernon's Texas Civil Statutes), is amended to read
1-7 as follows:
1-8 (i) Except as provided by this subsection, the corporation
1-9 may not undertake a project the primary purpose of which is to
1-10 provide transportation facilities, solid waste disposal facilities,
1-11 or air or water pollution control facilities. However, the
1-12 corporation may provide those facilities to benefit property
1-13 acquired for a project having another primary purpose. The
1-14 corporation may undertake a project the primary purpose of which is
1-15 to provide:
1-16 (1) a general aviation business service airport that
1-17 is an integral part of an industrial park; or
1-18 (2) port-related facilities to support waterborne
1-19 commerce; or
1-20 (3) Land, buildings, equipment, facilities, and
1-21 improvements found by the board of directors to be required or
1-22 suitable for use for projects which are regional in scope such as,
1-23 special events centers, themed entertainment centers,
2-1 amphitheaters, learning centers, museums, medical centers,
2-2 convention centers, and other related improvements that enhance any
2-3 of these items.
2-4 (r) At an election called or held under Subsection (d) or
2-5 (o) of this section, the city may also allow the voters to vote on
2-6 a ballot proposition that limits the use of the sales and use tax
2-7 to a specific project. If a city elects to limit the use to a
2-8 specific project, in the ballot proposition prescribed by
2-9 Subsection (m) or (p) a description of the project shall be
2-10 substituted in place of the words "new and expanded business
2-11 enterprises." When the last of its obligations for the specific
2-12 project have been satisfied, the corporation shall send a notice to
2-13 the comptroller stating that the sales and use tax imposed for the
2-14 specific project may not be collected after the last day of the
2-15 first calendar quarter beginning after the date of the
2-16 notification. A sales and use tax imposed for a specific project
2-17 under this subsection may not be collected after the last day of
2-18 the first calendar quarter beginning after the date of the
2-19 notification to the comptroller. Revenue collected after the
2-20 obligations for the specific project have been satisfied shall be
2-21 forwarded by the state to the governing body to be used to pay
2-22 current bonded indebtedness of the municipality. A corporation
2-23 that has been created to perform a specific project under this
2-24 subsection may retain its corporate existence and perform other
2-25 projects as may be approved by the voters of the city under an
3-1 election called and held under Subsection (d) or (o) of this
3-2 section. A corporation in existence under Section 4A may consider
3-3 projects under Section 4B, if the project provided for a public
3-4 hearing, by the unit of government from which the corporation was
3-5 created, to allow for public comment and reduce the cost for a new
3-6 election.
3-7 SECTION 2. This Act takes effect September 1, 1995.
3-8 SECTION 3. The importance of this legislation and the
3-9 crowded condition of the calendars in both houses create an
3-10 emergency and an imperative public necessity that the
3-11 constitutional rule requiring bills to be read on three several
3-12 days in each house be suspended, and this rule is hereby suspended.