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                               * * * * *