SRC-JJJ S.B. 340 76(R)BILL ANALYSIS


Senate Research CenterS.B. 340
By: Madla
Intergovernmental Relations
7/21/1999
Enrolled


DIGEST 

Currently, Texas law is unclear as to whether a municipality has the
authority to convey property to a municipally created development
corporation without having to provide a notice and bid of sale. This bill
will provide for the conveyance of property to a municipally created
corporation by a municipality if the property is adjacent to the area to be
developed by the development corporation.  
PURPOSE

As enrolled, S.B. 340 establishes the conveyance of property by a
municipality to a municipally created development corporation. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Chapter 253, Government Code, by adding Section 253.009,
as follows: 

Sec. 253.009.  CONVEYANCE OF ADJOINING PROPERTY TO MUNICIPAL DEVELOPMENT
CORPORATION.  Authorizes a municipality to convey to a municipally created
economic development corporation real property that has been conveyed to
the municipality through a gift or legal settlement and that is adjacent to
an area designated for development by the corporation.  Authorizes a
municipality to convey property under Subsection (a) for any fair
consideration approved by the governing body of the municipality. Requires
the governing body to adopt an ordinance with certain characteristics, for
a conveyance under this section to be effective. Authorizes the
municipality to convey the property under this section without complying
with the other notice or bidding requirements prescribed by other law.   

SECTION 2.  Emergency clause.
            Effective date: upon passage.