S.B. No. 584
AN ACT
1-1 relating to the authority of Dallas County Utility and Reclamation
1-2 District to enter into tax abatement agreements, to designate
1-3 reinvestment zones and to utilize all functions and procedures of
1-4 Chapter 312, Tax Code; and validating prior elections and other
1-5 actions and contracts.
1-6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-7 SECTION 1. Chapter 628, Acts of the 68th Legislature,
1-8 Regular Session, 1983, is amended by adding Section 4B to read as
1-9 follows:
1-10 Sec. 4B. In addition to the powers granted elsewhere in this
1-11 Act, the district is hereby vested with and shall have and may
1-12 exercise the following additional rights, powers, privileges,
1-13 authorities, and functions:
1-14 (1) The district may enter into tax abatement
1-15 agreements and may designate areas as reinvestment zones pursuant
1-16 to Section 1-g, Article VIII, Texas Constitution, this Act, and
1-17 Chapter 312, Tax Code. Chapter 312, Tax Code, shall be followed by
1-18 the district except to the extent modified by this Act. In the
1-19 case of any conflict between this Act and Chapter 312, Tax Code,
1-20 the provisions of this Act shall prevail.
1-21 (2) This Act shall stay in effect during the effective
1-22 dates of all tax abatement agreements entered into by the district
1-23 or until this Act is amended by the legislature, whichever occurs
1-24 later.
2-1 (3) The governing body of the district may designate
2-2 as a reinvestment zone, an area within its boundaries that
2-3 satisfies the requirements of Section 312.202, Tax Code.
2-4 (4) The district and its governing body shall have all
2-5 of a municipality's rights, powers, and authorization contained in
2-6 Chapter 312, Tax Code.
2-7 (5) The district may enter into tax abatement
2-8 agreements for periods not to exceed 30 years subject to the rights
2-9 of holders of outstanding tax-supported bonds of the district. The
2-10 district may enter into tax abatement agreements relative to real
2-11 property and to all personal property.
2-12 (6) Tax abatement agreements entered into by the
2-13 district are not required to contain identical terms of other tax
2-14 abatement agreements, if any, covering the same or a portion of the
2-15 same exempted property.
2-16 (7) The district may enter into tax abatement
2-17 agreements for facilities and structures that commenced or were
2-18 modified on or after January 1, 1995, but before the effective date
2-19 of this Act.
2-20 (8) The district may exempt personal property located
2-21 on property described in Subdivision (7) in each year covered by
2-22 the agreement except for personal property located on the property
2-23 at any time before the period covered by the agreement began.
2-24 SECTION 2. Actions of the district before March 1, 1995,
2-25 with regard to an election, contract, the issuance of bonds and
2-26 other obligations and the expenditure of funds in payment of the
2-27 bonds, annexations, and other governmental and proprietary actions
3-1 are validated and confirmed.
3-2 SECTION 3. The legislature specifically finds and declares
3-3 that the requirements of Subsections (d) and (e), Section 59,
3-4 Article XVI, and Section 52, Article III, Texas Constitution, have
3-5 been met and accomplished in due course and time and in due order,
3-6 and that the legislature has the authority to enact this Act.
3-7 SECTION 4. The importance of this legislation and the
3-8 crowded condition of the calendars in both houses create an
3-9 emergency and an imperative public necessity that the
3-10 constitutional rule requiring bills to be read on three several
3-11 days in each house be suspended, and this rule is hereby suspended,
3-12 and that this Act take effect and be in force from and after its
3-13 passage, and it is so enacted.