By Gallegos S.B. No. 901
75R6257 BEM-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to an entity's eligibility for foreign trade zone or
1-3 subzone status.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 2, Chapter 1105, Acts of the 70th
1-6 Legislature, Regular Session, 1987 (Article 1446.01, Vernon's Texas
1-7 Civil Statutes), is amended to read as follows:
1-8 Sec. 2. (a) An eligible corporation or a governmental entity
1-9 is authorized to submit an application [apply] for and accept a
1-10 grant to establish, operate, and maintain a foreign trade zone and
1-11 subzones, subject to the requirements of federal law and the
1-12 regulations of the Foreign Trade Zones Board, and to take other
1-13 actions necessary to establish, operate, and maintain the foreign
1-14 trade zone and subzones.
1-15 (b) The application described by Subsection (a) of this
1-16 section must include a resolution either supporting or opposing the
1-17 application from the governing body of each political subdivision
1-18 that has the authority to tax any of the real property located in
1-19 the geographical area of the proposed foreign trade zone or
1-20 subzone.
1-21 SECTION 2. This Act takes effect September 1, 1997, and
1-22 applies only to an application for a grant to establish, operate,
1-23 and maintain a foreign trade zone or subzone filed on or after that
1-24 date.
2-1 SECTION 3. The importance of this legislation and the
2-2 crowded condition of the calendars in both houses create an
2-3 emergency and an imperative public necessity that the
2-4 constitutional rule requiring bills to be read on three several
2-5 days in each house be suspended, and this rule is hereby suspended.