1-1     By:  Gallegos                                          S.B. No. 824
 1-2           (In the Senate - Filed March 2, 1999; March 4, 1999, read
 1-3     first time and referred to Committee on Intergovernmental
 1-4     Relations; April 22, 1999, reported favorably by the following
 1-5     vote:  Yeas 5, Nays 0; April 22, 1999, sent to printer.)
 1-6                            A BILL TO BE ENTITLED
 1-7                                   AN ACT
 1-8     relating to the powers of a municipality in relation to tax
 1-9     increment investment financing.
1-10           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11           SECTION 1.  Section 311.008, Tax Code, is amended by adding
1-12     Subsection (d) to read as follows:
1-13           (d)  In this section, "educational facilities" includes land,
1-14     equipment, building, and other facilities, including public school
1-15     buildings, used or to be used jointly by a municipality and an
1-16     independent school district and located in a reinvestment zone
1-17     created by the municipality on or before January 1, 1998.
1-18           SECTION 2.  This Act takes effect September 1, 1999.
1-19           SECTION 3.  The importance of this legislation and the
1-20     crowded condition of the calendars in both houses create an
1-21     emergency and an imperative public necessity that the
1-22     constitutional rule requiring bills to be read on three several
1-23     days in each house be suspended, and this rule is hereby suspended.
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