By Munoz H.B. No. 3064 74R7900 CBH-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the purpose for which certain industrial development 1-3 corporations may spend money from the sales and use tax. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 4B, Development Corporation Act of 1979 1-6 (Article 5190.6, Vernon's Texas Civil Statutes), is amended by 1-7 adding Subsection (a-3) to read as follows: 1-8 (a-3) Notwithstanding Subsection (a-1) of this section, a 1-9 corporation created under Section 4A of this Act before September 1-10 1, 1995, that is located in a municipality with a population of 1-11 less than 50,000 may undertake a specific project or type of 1-12 general project described by Subsection (a)(2)(B) without an 1-13 election called and held for that purpose. 1-14 SECTION 2. Section 4B(a-3), Development Corporation Act of 1-15 1979 (Article 5190.6, Vernon's Texas Civil Statutes), as added by 1-16 this Act, applies to a corporation created under Section 4A of that 1-17 Act regardless of the date on which the corporation was authorized 1-18 to levy a sales and use tax. 1-19 SECTION 3. The importance of this legislation and the 1-20 crowded condition of the calendars in both houses create an 1-21 emergency and an imperative public necessity that the 1-22 constitutional rule requiring bills to be read on three several 1-23 days in each house be suspended, and this rule is hereby suspended, 1-24 and that this Act take effect and be in force from and after its 2-1 passage, and it is so enacted.