By Haywood S.B. No. 915 74R6259 JD-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the application of the open meetings law to certain 1-3 meetings of the board of directors of an industrial development 1-4 corporation. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Subchapter D, Chapter 551, Government Code, is 1-7 amended by adding Section 551.085 to read as follows: 1-8 Sec. 551.085. DELIBERATIONS OF INDUSTRIAL DEVELOPMENT 1-9 CORPORATION; CLOSED MEETING. (a) The board of directors of an 1-10 industrial development corporation may conduct a closed meeting to 1-11 deliberate information that pertains to the finances of an 1-12 applicant for assistance from the corporation. 1-13 (b) In this section, "industrial development corporation" 1-14 has the meaning assigned by the Development Corporation Act of 1979 1-15 (Article 5190.6, Vernon's Texas Civil Statutes). 1-16 SECTION 2. The importance of this legislation and the 1-17 crowded condition of the calendars in both houses create an 1-18 emergency and an imperative public necessity that the 1-19 constitutional rule requiring bills to be read on three several 1-20 days in each house be suspended, and this rule is hereby suspended, 1-21 and that this Act take effect and be in force from and after its 1-22 passage, and it is so enacted.