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.