By McCoulskey H.B. No. 2969
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the acquisition and disposition of land and facilities
1-3 by a municipality and to the issuance of municipal bonds.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 2, Article 835s, Revised Statutes, is
1-6 amended to read as follows:
1-7 Sec. 2. ACQUISITION AUTHORIZED. A home-rule or general-law
1-8 municipality may acquire, by any lawful means other than eminent
1-9 domain, land and may construct or otherwise acquire a building or
1-10 other facility for the purpose of selling, pursuant to an
1-11 installment sale agreement or otherwise, or leasing, with or
1-12 without an option to purchase, without the need for public notice
1-13 or bidding, and otherwise on such terms as the governing body of
1-14 the municipality may find acceptable, the land, building, or other
1-15 facility to a political subdivision or agency of the state,
1-16 including, but not limited to, an "institution of higher education"
1-17 under Section 61.003, Education Code, which will provide a
1-18 significant number of vocational and vocational-technical education
1-19 courses in the facility, for public use or to an individual,
1-20 private corporation, or other private entity for use in
1-21 manufacturing or another commercial activity.
1-22 SECTION 2. Subsection (a), Section 4, Article 835s, Revised
1-23 Statutes, is amended to read as follows:
2-1 (a) The municipality may provide for the payment of the
2-2 principal of and interest on the bonds:
2-3 (1) by pledging all or any part of the designated
2-4 revenues from the sale or <a> lease of any or all of the land,
2-5 building, or other facility after deduction of the reasonable cost
2-6 of operation and maintenance;
2-7 (2) from the collection of an annual ad valorem tax
2-8 levied on all taxable property within the municipality; or
2-9 (3) from a combination of the sources described by
2-10 Subdivisions (1) and (2) of this section.
2-11 SECTION 3. Section 7, Article 835s, Revised Statutes, is
2-12 amended to read as follows:
2-13 Sec. 7. EXECUTION OF DOCUMENTS. The governing body of the
2-14 municipality may adopt and have executed any other proceedings or
2-15 instruments necessary and convenient in the issuance of the bonds
2-16 and in the acquisition and sale or lease of any land, building, or
2-17 other facility under Section 2 of this article.
2-18 SECTION 4. The importance of this legislation and the
2-19 crowded condition of the calendars in both houses create an
2-20 emergency and an imperative public necessity that the
2-21 constitutional rule requiring bills to be read on three several
2-22 days in each house be suspended, and this rule is hereby suspended,
2-23 and that this Act take effect and be in force from and after its
2-24 passage, and it is so enacted.