By Smithee                                            H.B. No. 3713
         Line and page numbers may not match official copy.
         Bill not drafted by TLC or Senate E&E.
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to municipal hotel occupancy taxes.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1.  Section 351.102(a), Tax Code, is amended to read
 1-5     as follows:
 1-6           (a)  Subject to the limitations provided by this subchapter,
 1-7     a municipality may pledge the revenue derived from the tax imposed
 1-8     under this chapter (1) for the payment of bonds that are issued
 1-9     under Section 3, Chapter 63, Acts of the 59th Legislature, Regular
1-10     Session, 1965 (Article 1269j-4.1, Vernon's Texas Civil Statutes),
1-11     (2)  for the payment of leases, including leases with an option to
1-12     purchase the leased facility or facilities, that are entered into
1-13     to provide facilities authorized under Section 2, Chapter 63, Acts
1-14     of the 59th Legislature, Regular Session, 1965 (Article 1269j-4.1,
1-15     Vernon's Texas Civil Statutes), or (3) for one or more of the
1-16     purposes provided by Section 351.101 or, in the case of a
1-17     municipality of 1,500,000 or more, for the payment of principal of
1-18     or interest on bonds or other obligations of a municipally
1-19     sponsored local government corporation created under Chapter 431,
1-20     Transportation Code, that were issued to pay the cost of the
1-21     acquisition and construction of a convention center hotel or the
 2-1     cost of acquisition, remodeling, or rehabilitation of a historic
 2-2     hotel structure; provided, however, such pledge may only be that
 2-3     portion of the tax collected at such hotel.
 2-4           SECTION 2.  The importance of this legislation and the
 2-5     crowded condition of the calendars in both houses create an
 2-6     emergency and an imperative public necessity that the
 2-7     constitutional rule requiring bills to be read on three several
 2-8     days in each house be suspended, and this rule is hereby suspended,
 2-9     and that this Act take effect and be in force from and after its
2-10     passage, and it is so enacted.