Amend HB 1449 as follows:
(1) Delete SECTION 1 of the bill and substitute:
SECTION 1. Amend Tax Code, sec. 312.006 to read as follows:
Sec. 312.006. Expiration Date. If not continued in effect,
this chapter expires September 1, <2001> 2009.
(2) Insert a new section to the bill and renumber succeeding
sections appropriately:
SECTION 2. Amend the Tax Code, sec. 312.005, by adding a new
subsection and relettering succeeding subsections appropriately:
(c). Not later than December 31 of each even-numbered year,
the comptroller shall submit a report to the legislature and to the
governor on reinvestment zones designated under this chapter and on
tax abatement agreements adopted under this chapter, including a
summary of the information reported under this section.