SRC-JJJ S.B. 1666 76(R)   BILL ANALYSIS


Senate Research Center   S.B. 1666
By: Jackson
Intergovernmental Relations
4/12/1999
As Filed


DIGEST 

Currently, hotel occupancy taxes are not allowed to be used for refunding
bonds.  S.B. 1666 would establish provisions regarding beach renourishment
bonds being secured in part by hotel occupancy taxes in an eligible coastal
municipality. 

PURPOSE

As proposed, S.B. 1666 establishes provisions regarding hotel occupancy
taxes in an eligible coastal municipality. 

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 351.105, Tax Code, by adding Subsection (f), to
authorize an eligible coastal municipality and a park board of trustees to
contract on certain advisable terms to use the hotel occupancy tax
collected by the eligible coastal municipality.  Authorizes the city or
park board of trustees, without further authorization, to use the hotel
occupancy tax in accordance with certain provisions and may either issue
bonds or enter into other agreements secured by the collected  hotel
occupancy tax, notwithstanding any provisions to the contrary in the
charter of the eligible coastal municipality. 

SECTION 2.  Emergency clause.
            Effective date: 90 days upon adjournment.