By Pitts                                         H.B. No. 296

      75R2589 JD-D                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the authority of a school district to enter into a tax

 1-3     abatement agreement under the Property Redevelopment and Tax

 1-4     Abatement Act.

 1-5           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-6           SECTION 1.   Section 312.002, Tax Code, is amended by adding

 1-7     Subsection (e) to read as follows:

 1-8           (e)  A school district may not enter into a tax abatement

 1-9     agreement under this chapter.  In this subsection, "school

1-10     district" has the meaning assigned by Section 11.13(m)(2).

1-11           SECTION 2.  The change in law made by this Act does not

1-12     affect the validity of a tax abatement agreement entered into

1-13     before the effective date of this Act.  A tax abatement agreement

1-14     entered into before the effective date of this Act is governed by

1-15     the law in effect when the agreement was entered into, and the

1-16     former law is continued in effect for that purpose.

1-17           SECTION 3.   The importance of this legislation and the

1-18     crowded condition of the calendars in both houses create an

1-19     emergency and an imperative public necessity that the

1-20     constitutional rule requiring bills to be read on three several

1-21     days in each house be suspended, and this rule is hereby suspended,

1-22     and that this Act take effect and be in force from and after its

1-23     passage, and it is so enacted.