By Carona                                        S.B. No. 293

      75R1869 DAK-D                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the authority of a municipality to create an industrial

 1-3     development corporation and to levy a sales and use tax to carry

 1-4     out the projects of the corporation.

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

 1-6           SECTION 1.  Section 4B(a)(1), Development Corporation Act of

 1-7     1979 (Article 5190.6, Vernon's Texas Civil Statutes), is amended to

 1-8     read as follows:

 1-9                 (1)  "Eligible city" means a city:

1-10                       (A)  that is located in a county with a

1-11     population of 750,000 or more, according to the most recent federal

1-12     decennial census and in which the combined rate of all sales and

1-13     use taxes imposed by the city, the state, and other political

1-14     subdivisions of the state having territory in the city does not

1-15     exceed 7.25 percent on the date of any election held under or made

1-16     applicable to this section;

1-17                       (B)  that has a population of 400,000 or more,

1-18     according to the most recent federal decennial census, and that is

1-19     located in more than one county, and in which the combined rate of

1-20     all sales and use taxes imposed by the city, the state, and other

1-21     political subdivisions of the state having territory in the city,

1-22     including taxes under this section, does not exceed 8.25 percent;

1-23                       (C)  that is located in a county with a

1-24     population of more than 1,100,000 according to the most recent

 2-1     federal decennial census, in which there are more than 29 [40]

 2-2     incorporated municipalities according to the most recent federal

 2-3     decennial census, and in which the combined rate of all sales and

 2-4     use taxes imposed by the city, the state, and other political

 2-5     subdivisions of the state having territory in the city does not

 2-6     exceed 7.75 percent on the date of any election held under or made

 2-7     applicable to this section;  or

 2-8                       (D)  to which Section 4A of this Act applies.

 2-9                       [(E) Paragraph (C) of this subdivision expires

2-10     September 1, 1997.]

2-11           SECTION 2.  The importance of this legislation and the

2-12     crowded condition of the calendars in both houses create an

2-13     emergency and an imperative public necessity that the

2-14     constitutional rule requiring bills to be read on three several

2-15     days in each house be suspended, and this rule is hereby suspended,

2-16     and that this Act take effect and be in force from and after its

2-17     passage, and it is so enacted.