SRC-MAX S.B. 1622 75(R)   BILL ANALYSIS


Senate Research Center   S.B. 1622
By: Duncan
Veteran Affairs
4-16-97
As Filed


DIGEST 

Currently, Reese Air Force Base is scheduled to close on September 30,
1997. The city and county of Lubbock created the Lubbock Reese
Redevelopment Authority Corporation (corporation) to develop a plan to
turn the base into a business and industrial park.  The corporation was
formed in accordance with the U.S. Department  of Defense guidelines as  a
nonprofit corporation.  This bill establishes the Lubbock Reese
Redevelopment Authority as a governmental entity under Chapter 101 of the
Texas Civil Practice and Remedies Code.   

PURPOSE

As proposed, S.B. 1622 creates the Lubbock Reese Redevelopment Authority.

RULEMAKING AUTHORITY

Rulemaking authority is granted to the board of directors of the Lubbock
Reese Redevelopment Authority in SECTION 3(f) of this bill.  

SECTION BY SECTION ANALYSIS

SECTION 1. DEFINITION.  Defines "authority," "board," "county," "city,"
"property," and "corporation."   

SECTION 2. ESTABLISHMENT.  Establishes the Lubbock Reese Redevelopment
Authority (authority) as an authority of the State of Texas with certain
boundaries and with certain members of the local governments being
appointed to the board of directors of the authority (board). 

SECTION 3. BOARD.  Sets forth provisions for the composition and
administration of the board. Requires the board to adopt rules for its
proceedings and may employ and compensate persons to carry out the powers
and duties of the authority. 

SECTION 4. PURPOSE.  Provides that the authority is created to accept
title from the United States of America to all or any portion of the real
property situated within Reese Air Force Base and sets forth certain
tracts. 

SECTION 5. POWERS AND DUTIES OF THE AUTHORITY.  Authorizes the authority
to exercise all powers necessary or appropriate to carry out, achieve, or
effectuate the purposes of this Act including certain administrative
powers. 

SECTION 6. EXEMPT FROM TAXATION.  Provides that the properties, revenues,
and income of the authority are exempt from all taxes levied by the state
or a political subdivision of the state. 

SECTION 7. DISSOLUTION.  Authorizes the board to be dissolved upon
approval of the city and county after all debts or obligations have been
duly satisfied or retired in a certain manner.  Provides that it is the
intention of this legislative enactment that the authority will be
dissolved after conveyance and sale of all the property. 

SECTION 8. SUCCESSOR.  Provides that the authority is the successor in
interest to the Lubbock Reese Redevelopment Authority Corporation
(corporation) and shall succeed to all rights and  liabilities of the
corporation. 

SECTION 9. Severability clause.  

SECTION 10. Emergency clause.
  Effective date:  upon passage.