By McCoulskey                                         H.B. No. 2969
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the acquisition of land and facilities by a
    1-3  municipality; authorizing the issuance of municipal bonds.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 2, Chapter 10, Acts of the 71st
    1-6  Legislature, First Called Session, 189 (Article 835s, Vernon's
    1-7  Texas Civil Statutes), is amended to read as follows:
    1-8        Sec. 2.  A home-rule or general-law municipality may acquire,
    1-9  by any lawful means other than eminent domain, land and may
   1-10  construct or otherwise acquire a building or other facility for the
   1-11  purpose of selling, pursuant to an installment sale agreement or
   1-12  otherwise, or leasing, with or without an option to purchase,
   1-13  without the need for public notice or bidding, and otherwise on
   1-14  such terms as the governing body of the municipality may find
   1-15  acceptible, the land, building, or other facility to a political
   1-16  subdivision or agency of the state, including, but not limited to,
   1-17  an "institution of higher education" under Section 61.003,
   1-18  Education Code, which will provide a significant number of
   1-19  vocational and vocational-technical education courses in the
   1-20  facility, for public use or to an individual, private corporation,
   1-21  or other private entity for use in manufacturing or another
   1-22  commercial activity.
   1-23        SECTION 2.  Subdivision (1), Subsection (a), Section 4,
    2-1  Chapter 10, Acts of the 71st Legislature, First Called Session,
    2-2  1989 (Article 835s, Vernon's Texas Civil Statutes), is amended to
    2-3  read as follows:
    2-4              (1)  by pledging all or part of the designated revenues
    2-5  from the sale or lease of any or all of the land, building, or
    2-6  other facility after deduction of the reasonable cost of operation
    2-7  and maintenance.
    2-8        SECTION 3.  Section 7, Chapter 10, Acts of the 71st
    2-9  Legislature, First Called Session, 1989 (Article 835s, Vernon's
   2-10  Texas Civil Statutes), is amended to read as follows:
   2-11        Sec. 7.  The governing body of the municipality may adopt and
   2-12  have executed any other proceedings or instruments necessary and
   2-13  convenient in the issuance of the bonds and in the acquisition and
   2-14  sale or lease of any land, building, or other facility under
   2-15  Section 2 of this article.
   2-16        SECTION 4.  The importance of this legislation and the
   2-17  crowded condition of the calendars in both houses create an
   2-18  emergency and an imperative public necessity that the
   2-19  constitutional rule requiring bills to be read on three several
   2-20  days in each house be suspended, and this rule is hereby suspended,
   2-21  and that this Act take effect and be in force from and after its
   2-22  passage, and it is so enacted.