By: Shapiro, Nelson S.B. No. 584 A BILL TO BE ENTITLED 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 the effective date 2-25 of this Act with regard to an election, contract, the issuance of 2-26 bonds and other obligations and the expenditure of funds in payment 2-27 of the bonds, annexations, and other governmental and proprietary 3-1 actions 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.