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.