1-1  By:  Cain                                             S.B. No. 1092
    1-2        (In the Senate - Filed March 9, 1995; March 14, 1995, read
    1-3  first time and referred to Committee on Intergovernmental
    1-4  Relations; March 22, 1995, reported favorably by the following
    1-5  vote:  Yeas 10, Nays 0; March 22, 1995, sent to printer.)
    1-6                         A BILL TO BE ENTITLED
    1-7                                AN ACT
    1-8  relating to the treatment for tax purposes of property held and
    1-9  used for a public purpose under an interlocal contract between
   1-10  political subdivisions.
   1-11        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
   1-12        SECTION 1.  Section 791.013, Government Code, is amended by
   1-13  adding Subsection (c) to read as follows:
   1-14        (c)  All property that is held and used for a public purpose
   1-15  by the administrative agency or designated local government is
   1-16  exempt from or subject to taxation in the same manner as if the
   1-17  property were held and used by the participating political
   1-18  subdivisions.
   1-19        SECTION 2.  The importance of this legislation and the
   1-20  crowded condition of the calendars in both houses create an
   1-21  emergency and an imperative public necessity that the
   1-22  constitutional rule requiring bills to be read on three several
   1-23  days in each house be suspended, and this rule is hereby suspended.
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