SRC-PNG S.B. 918 76(R)   BILL ANALYSIS


Senate Research Center   S.B. 918
By: Wentworth
Intergovernmental Relations
4/5/1999
As Filed


DIGEST 

Currently, under Texas law, the City of Leon Valley is excluded from being
able to form a Section 4B corporation in order to stimulate economic
development in that municipality.  This bill would redefine the eligibility
requirements of municipalities to create certain development corporations
under the Development Corporation Act. 


PURPOSE

As proposed, S.B. 918 redefines those municipalities who may be eligible to
create certain development corporations. 

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 Section 4B(a)(1), Development Corporation Act of 1979
(Article 5190.6, V.T.C.S.), to redefine "eligible city" to include a city
that is located in a county with a population of more than 1,100,000, in
which there are more than 20, rather than 29, incorporated municipalities,
and in which the combined rate of all sales and use taxes does not exceed
8.25 percent, rather than 7.75 percent on a certain date, and deletes text
providing that Paragraph (C) expires September 1, 1999.  Effective date: 90
days after adjournment.