SRC-JEC C.S.S.B. 916 77(R)BILL ANALYSIS Senate Research CenterC.S.S.B. 916 By: Jackson Intergovernmental Relations 3/21/2001 Committee Report (Substituted) DIGEST AND PURPOSE Currently, the sale by a municipality of a former military installation is performed through a sealed bid process. C.S.S.B. 916 allows for more flexibility in the sale or other disposition of such property if it is carried out as a component of targeted redevelopment of the real property. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 22.024, Transportation Code, to authorize a municipality with a population of 1.6 million or more to dispose of property, or any interest in property, related to a former military installation or air navigation facility, in the manner and on the terms the municipality considers to be in the best interest of the municipality if such disposal is carried out as a part of a targeted redevelopment of the real property together with aerospace, aviation, or aircraft manufacturing firms or other airport-related industrial parks or communities. SECTION 2. Effective date: September 1, 2001. SUMMARY OF COMMITTEE CHANGES Differs from the original by being less specific about the method of disposition of the property, and specifically providing that the municipality consider the manner and terms of the disposition of the property to be in its best interest.