JBM H.B. 2327 75(R)BILL ANALYSIS NATURAL RESOURCES H.B. 2327 By: Allen 3-26-97 Committee Report (Unamended) BACKGROUND Currently, statutory law allows the Dallas County Flood Control District No. 1 the authority to grant industry 10-year tax abatements for the district's flood control efforts. Increasingly, the district is competing with similar surrounding districts where statutory authority allows for 30year abatements. PURPOSE To grant the Dallas County Flood Control District No. 1 the authority to issue tax abatements for 30 years rather than the 10-year tax abatements it is currently allowed. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency or institution. SECTION BY SECTION ANALYSIS SECTION 1. Amends Sections 16E(a), (b), and (d), Chapter 1081, Acts of the 68th Legislature, Regular Session, 1983, by changing the period a portion of the value of certain real property, or a tangible personal property located on the real property or owned and leased by a certified air carrier, may be exempted from taxation by the district from 10 years to 30 years. This section also allows the district flexibility to enter into agreements which do not contain identical terms. SECTION 2. Amends Sections 16G(a), Chapter 1081, Acts of the 68th Legislature, Regular Session, 1983, by allowing the district the flexibility to modify existing abatement agreements to extend up to 30 years rather than the existing 10 years. SECTION 3. Emergency clause.