By Solis of Bexar H.B. No. 1125
76R4595 CAG-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the conveyance of property by a municipality to a
1-3 municipally created development corporation.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Chapter 253, Local Government Code, is amended by
1-6 adding Section 253.009 to read as follows:
1-7 Sec. 253.009. CONVEYANCE OF ADJOINING PROPERTY TO MUNICIPAL
1-8 DEVELOPMENT CORPORATION. (a) A municipality may convey to a
1-9 municipally created economic development corporation, including a
1-10 development corporation organized under the Development Corporation
1-11 Act of 1979 (Article 5190.6, Vernon's Texas Civil Statutes), real
1-12 property that is adjacent to an area designated for development by
1-13 the corporation.
1-14 (b) A municipality may convey property under Subsection (a)
1-15 for any fair consideration approved by the governing body of the
1-16 municipality. For a conveyance under this section to be effective,
1-17 the governing body must adopt an ordinance that:
1-18 (1) describes the property to be conveyed; and
1-19 (2) states the consideration paid.
1-20 (c) A municipality may convey the property under this
1-21 section without complying with the other notice or bidding
1-22 requirements prescribed by other law, including Section 272.001.
1-23 SECTION 2. The importance of this legislation and the
1-24 crowded condition of the calendars in both houses create an
2-1 emergency and an imperative public necessity that the
2-2 constitutional rule requiring bills to be read on three several
2-3 days in each house be suspended, and this rule is hereby suspended,
2-4 and that this Act take effect and be in force from and after its
2-5 passage, and it is so enacted.