1-1 By: Lucio, Galloway S.B. No. 1564 1-2 (In the Senate - Filed March 13, 1995; March 21, 1995, read 1-3 first time and referred to Committee on Finance; May 9, 1995, 1-4 reported adversely, with favorable Committee Substitute by the 1-5 following vote: Yeas 8, Nays 0; May 9, 1995, sent to printer.) 1-6 COMMITTEE SUBSTITUTE FOR S.B. No. 1564 By: Moncrief 1-7 A BILL TO BE ENTITLED 1-8 AN ACT 1-9 relating to the enhancement of international trade by granting an 1-10 exemption from taxation of certain property owned by a navigation 1-11 district, a port authority, or a municipality that operates a 1-12 public port. 1-13 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-14 SECTION 1. Section 11.11, Tax Code, is amended by adding 1-15 Subsection (h) to read as follows: 1-16 (h) Property owned by a navigation district or port 1-17 authority and property owned by a municipality that operates a 1-18 public port is used for public purposes and exempt from taxation if 1-19 it is: 1-20 (1) leased to a person or entity, however organized, 1-21 for any of the purposes stated in Section 60.101, 61.151, 62.107, 1-22 or 63.153, Water Code; or 1-23 (2) held by the navigation district, port authority, 1-24 or municipality for future expansion of its facilities or for 1-25 leasing for any of the purposes described in Subdivision (1). 1-26 SECTION 2. The importance of this legislation and the 1-27 crowded condition of the calendars in both houses create an 1-28 emergency and an imperative public necessity that the 1-29 constitutional rule requiring bills to be read on three several 1-30 days in each house be suspended, and this rule is hereby suspended, 1-31 and that this Act take effect and be in force from and after its 1-32 passage, and it is so enacted. 1-33 * * * * *