H.B. No. 2969
    1-1                                AN ACT
    1-2  relating to the acquisition and disposition of land and facilities
    1-3  by certain municipalities and to the issuance of municipal bonds.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Article 835s, Revised Statutes, is amended by
    1-6  adding Section 2A to read as follows:
    1-7        Sec. 2A.  A municipality with a population greater than 8,000
    1-8  but less than 10,000 that is located in two counties with
    1-9  populations of 225,000 or more but less than 2,818,199 may acquire,
   1-10  by any lawful means other than eminent domain, land, and may
   1-11  construct or otherwise acquire a building or other facility for the
   1-12  purpose of selling, pursuant to an installment sale agreement or
   1-13  otherwise, or leasing the land, building, or other facility to an
   1-14  "institution of higher education" under Section 61.003, Education
   1-15  Code, which will provide a significant number of vocational and
   1-16  vocational-technical education courses in the facility for public
   1-17  use.  A sale or lease under this section to an "institution of
   1-18  higher education" may proceed without the need for public notice or
   1-19  bidding, and otherwise on such terms as the governing body of the
   1-20  municipality may find acceptable.
   1-21        SECTION 2.  Subsection (a), Section 4, Article 835s, Revised
   1-22  Statutes, is amended to read as follows:
   1-23        (a)  The municipality may provide for the payment of the
    2-1  principal of and interest on the bonds:
    2-2              (1)  by pledging all or any part of the designated
    2-3  revenues from the sale or <a> lease of any or all of the land,
    2-4  building, or other facility after deduction of the reasonable cost
    2-5  of operation and maintenance;
    2-6              (2)  from the collection of an annual ad valorem tax
    2-7  levied on all taxable property within the municipality; or
    2-8              (3)  from a combination of the sources described by
    2-9  Subdivisions (1) and (2) of this section.
   2-10        SECTION 3.  Section 7, Article 835s, Revised Statutes, is
   2-11  amended to read as follows:
   2-12        Sec. 7.  EXECUTION OF DOCUMENTS.  The governing body of the
   2-13  municipality may adopt and have executed any other proceedings or
   2-14  instruments necessary and convenient in the issuance of the bonds
   2-15  and in the acquisition and sale or lease of any land, building, or
   2-16  other facility under Section 2 of this article.
   2-17        SECTION 4.  The importance of this legislation and the
   2-18  crowded condition of the calendars in both houses create an
   2-19  emergency and an imperative public necessity that the
   2-20  constitutional rule requiring bills to be read on three several
   2-21  days in each house be suspended, and this rule is hereby suspended,
   2-22  and that this Act take effect and be in force from and after its
   2-23  passage, and it is so enacted.