1-1 By: Gallegos S.B. No. 901
1-2 (In the Senate - Filed March 3, 1997; March 10, 1997, read
1-3 first time and referred to Committee on Intergovernmental
1-4 Relations; April 8, 1997, reported favorably by the following vote:
1-5 Yeas 11, Nays 0; April 8, 1997, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to an entity's eligibility for foreign trade zone or
1-9 subzone status.
1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11 SECTION 1. Section 2, Chapter 1105, Acts of the 70th
1-12 Legislature, Regular Session, 1987 (Article 1446.01, Vernon's Texas
1-13 Civil Statutes), is amended to read as follows:
1-14 Sec. 2. (a) An eligible corporation or a governmental
1-15 entity is authorized to submit an application [apply] for and
1-16 accept a grant to establish, operate, and maintain a foreign trade
1-17 zone and subzones, subject to the requirements of federal law and
1-18 the regulations of the Foreign Trade Zones Board, and to take other
1-19 actions necessary to establish, operate, and maintain the foreign
1-20 trade zone and subzones.
1-21 (b) The application described by Subsection (a) of this
1-22 section must include a resolution either supporting or opposing the
1-23 application from the governing body of each political subdivision
1-24 that has the authority to tax any of the real property located in
1-25 the geographical area of the proposed foreign trade zone or
1-26 subzone.
1-27 SECTION 2. This Act takes effect September 1, 1997, and
1-28 applies only to an application for a grant to establish, operate,
1-29 and maintain a foreign trade zone or subzone filed on or after that
1-30 date.
1-31 SECTION 3. The importance of this legislation and the
1-32 crowded condition of the calendars in both houses create an
1-33 emergency and an imperative public necessity that the
1-34 constitutional rule requiring bills to be read on three several
1-35 days in each house be suspended, and this rule is hereby suspended.
1-36 * * * * *