1-1  By:  Shapiro, Nelson                                   S.B. No. 584
    1-2        (In the Senate - Filed February 16, 1995; February 16, 1995,
    1-3  read first time and referred to Committee on Finance;
    1-4  February 28, 1995, rereferred to Committee on Intergovernmental
    1-5  Relations; March 8, 1995, reported adversely, with favorable
    1-6  Committee Substitute by the following vote:  Yeas 10, Nays 0;
    1-7  March 8, 1995, sent to printer.)
    1-8  COMMITTEE SUBSTITUTE FOR S.B. No. 584                  By:  Shapiro
    1-9                         A BILL TO BE ENTITLED
   1-10                                AN ACT
   1-11  relating to the authority of Dallas County Utility and Reclamation
   1-12  District to enter into tax abatement agreements, to designate
   1-13  reinvestment zones and to utilize all functions and procedures of
   1-14  Chapter 312, Tax Code; and validating prior elections and other
   1-15  actions and contracts.
   1-16        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
   1-17        SECTION 1.  Chapter 628, Acts of the 68th Legislature,
   1-18  Regular Session, 1983, is amended by adding Section 4B to read as
   1-19  follows:
   1-20        Sec. 4B.  In addition to the powers granted elsewhere in this
   1-21  Act, the district is hereby vested with and shall have and may
   1-22  exercise the following additional rights, powers, privileges,
   1-23  authorities, and functions:
   1-24              (1)  The district may enter into tax abatement
   1-25  agreements and may designate areas as reinvestment zones pursuant
   1-26  to Section 1-g, Article VIII, Texas Constitution, this Act, and
   1-27  Chapter 312, Tax Code.  Chapter 312, Tax Code, shall be followed by
   1-28  the district except to the extent modified by this Act.  In the
   1-29  case of any conflict between this Act and Chapter 312, Tax Code,
   1-30  the provisions of this Act shall prevail.
   1-31              (2)  This Act shall stay in effect during the effective
   1-32  dates of all tax abatement agreements entered into by the district
   1-33  or until this Act is amended by the legislature, whichever occurs
   1-34  later.
   1-35              (3)  The governing body of the district may designate
   1-36  as a reinvestment zone, an area within its boundaries that
   1-37  satisfies the requirements of Section 312.202, Tax Code.
   1-38              (4)  The district and its governing body shall have all
   1-39  of a municipality's rights, powers and authorization contained in
   1-40  Chapter 312, Tax Code.
   1-41              (5)  The district may enter into tax abatement
   1-42  agreements for periods not to exceed 30 years subject to the rights
   1-43  of holders of outstanding tax-supported bonds of the district.  The
   1-44  district may enter into tax abatement agreements relative to real
   1-45  property and to all personal property.
   1-46              (6)  Tax abatement agreements entered into by the
   1-47  district are not required to contain identical terms of other tax
   1-48  abatement agreements, if any, covering the same or a portion of the
   1-49  same exempted property.
   1-50              (7)  The district may enter into tax abatement
   1-51  agreements for facilities and structures that commenced or were
   1-52  modified on or after January 1, 1995, but before the effective date
   1-53  of this Act.
   1-54              (8)  The district may exempt personal property located
   1-55  on property described in Subdivision (7) in each year covered by
   1-56  the agreement except for personal property located on the property
   1-57  at any time before the period covered by the agreement began.
   1-58        SECTION 2.  Actions of the district before the effective date
   1-59  of this Act with regard to an election, contract, the issuance of
   1-60  bonds and other obligations and the expenditure of funds in payment
   1-61  of the bonds, annexations, and other governmental and proprietary
   1-62  actions are validated and confirmed.
   1-63        SECTION 3.  The legislature specifically finds and declares
   1-64  that the requirements of Subsections (d) and (e), Section 59,
   1-65  Article XVI, and Section 52, Article III, Texas Constitution, have
   1-66  been met and accomplished in due course and time and in due order,
   1-67  and that the legislature has the authority to enact this Act.
   1-68        SECTION 4.  The importance of this legislation and the
    2-1  crowded condition of the calendars in both houses create an
    2-2  emergency and an imperative public necessity that the
    2-3  constitutional rule requiring bills to be read on three several
    2-4  days in each house be suspended, and this rule is hereby suspended,
    2-5  and that this Act take effect and be in force from and after its
    2-6  passage, and it is so enacted.
    2-7                               * * * * *