1-1     By:  Carona                                            S.B. No. 293

 1-2           (In the Senate - Filed January 23, 1997; January 28, 1997,

 1-3     read first time and referred to Committee on Economic Development;

 1-4     March 19, 1997, reported favorably by the following vote:  Yeas 9,

 1-5     Nays 0; March 19, 1997, sent to printer.)

 1-6                            A BILL TO BE ENTITLED

 1-7                                   AN ACT

 1-8     relating to the authority of a municipality to create an industrial

 1-9     development corporation and to levy a sales and use tax to carry

1-10     out the projects of the corporation.

1-11           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

1-12           SECTION 1.  Subdivision (1), Subsection (a), Section 4B,

1-13     Development Corporation Act of 1979 (Article 5190.6, Vernon's Texas

1-14     Civil Statutes), is amended to read as follows:

1-15                 (1)  "Eligible city" means a city:

1-16                       (A)  that is located in a county with a

1-17     population of 750,000 or more, according to the most recent federal

1-18     decennial census and in which the combined rate of all sales and

1-19     use taxes imposed by the city, the state, and other political

1-20     subdivisions of the state having territory in the city does not

1-21     exceed 7.25 percent on the date of any election held under or made

1-22     applicable to this section;

1-23                       (B)  that has a population of 400,000 or more,

1-24     according to the most recent federal decennial census, and that is

1-25     located in more than one county, and in which the combined rate of

1-26     all sales and use taxes imposed by the city, the state, and other

1-27     political subdivisions of the state having territory in the city,

1-28     including taxes under this section, does not exceed 8.25 percent;

1-29                       (C)  that is located in a county with a

1-30     population of more than 1,100,000 according to the most recent

1-31     federal decennial census, in which there are more than 29 [40]

1-32     incorporated municipalities according to the most recent federal

1-33     decennial census, and in which the combined rate of all sales and

1-34     use taxes imposed by the city, the state, and other political

1-35     subdivisions of the state having territory in the city does not

1-36     exceed 7.75 percent on the date of any election held under or made

1-37     applicable to this section; or

1-38                       (D)  to which Section 4A of this Act applies.

1-39                       [(E) Paragraph (C) of this subdivision expires

1-40     September 1, 1997.]

1-41           SECTION 2.  The importance of this legislation and the

1-42     crowded condition of the calendars in both houses create an

1-43     emergency and an imperative public necessity that the

1-44     constitutional rule requiring bills to be read on three several

1-45     days in each house be suspended, and this rule is hereby suspended,

1-46     and that this Act take effect and be in force from and after its

1-47     passage, and it is so enacted.

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