By Hill                                               H.B. No. 1761
         76R5972 ESH-F                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the treatment of certain contracts for purposes of
 1-3     determining the rollback tax rate of a taxing unit.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Section 271.005, Local Government Code, is
 1-6     amended by adding Subsection (e) to read as follows:
 1-7           (e)  A contract that has a term longer than one year and as
 1-8     to which the governing body has obligated ad valorem taxes for
 1-9     payment of the contract is considered debt for purposes of Section
1-10     26.012(7), Tax Code.
1-11           SECTION 2.  The importance of this legislation and the
1-12     crowded condition of the calendars in both houses create an
1-13     emergency and an imperative public necessity that the
1-14     constitutional rule requiring bills to be read on three several
1-15     days in each house be suspended, and this rule is hereby suspended,
1-16     and that this Act take effect and be in force from and after its
1-17     passage, and it is so enacted.