By:  Cain                                             S.B. No. 1092
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the treatment for tax purposes of property held and
    1-2  used for a public purpose under an interlocal contract between
    1-3  political subdivisions.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 791.013, Government Code, is amended by
    1-6  adding Subsection (c) to read as follows:
    1-7        (c)  All property that is held and used for a public purpose
    1-8  by the administrative agency or designated local government is
    1-9  exempt from or subject to taxation in the same manner as if the
   1-10  property were held and used by the participating political
   1-11  subdivisions.
   1-12        SECTION 2.  The importance of this legislation and the
   1-13  crowded condition of the calendars in both houses create an
   1-14  emergency and an imperative public necessity that the
   1-15  constitutional rule requiring bills to be read on three several
   1-16  days in each house be suspended, and this rule is hereby suspended.