1-1     By:  Duncan                                           S.B. No. 1090
 1-2           (In the Senate - Filed March 9, 1999; March 11, 1999, read
 1-3     first time and referred to Committee on Intergovernmental
 1-4     Relations; April 6, 1999, reported favorably by the following vote:
 1-5     Yeas 5, Nays 0; April 6, 1999, sent to printer.)
 1-6                            A BILL TO BE ENTITLED
 1-7                                   AN ACT
 1-8     relating to the treatment of certain contracts for purposes of
 1-9     determining the rollback tax rate of a taxing unit.
1-10           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11           SECTION 1.  Section 271.005, Local Government Code, is
1-12     amended by adding Subsection (e) to read as follows:
1-13           (e)  A contract that has a term longer than one year and as
1-14     to which the governing body has obligated ad valorem taxes for
1-15     payment of the contract is considered debt for purposes of Section
1-16     26.012(7), Tax Code.
1-17           SECTION 2.  The importance of this legislation and the
1-18     crowded condition of the calendars in both houses create an
1-19     emergency and an imperative public necessity that the
1-20     constitutional rule requiring bills to be read on three several
1-21     days in each house be suspended, and this rule is hereby suspended,
1-22     and that this Act take effect and be in force from and after its
1-23     passage, and it is so enacted.
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