Floor Packet Page No. 60
Amend CSHB 4 on page 108, between lines 1 and 2, by inserting
the following:
Sec. 501.008. TAX INCREMENT FINANCING. The state shall pay
into the tax increment fund for a reinvestment zone designated
under Chapter 311 before January 1, 1997, an amount equal to the
tax increment produced by the state. The state may not pay money
into a tax increment fund for a reinvestment zone designated under
Chapter 311 on or after January 1, 1997.