1-1     By:  Hochberg (Senate Sponsor - Ellis)                H.B. No. 2175
 1-2           (In the Senate - Received from the House April 30, 2001;
 1-3     May 1, 2001, read first time and referred to Committee on
 1-4     Intergovernmental Relations; May 11, 2001, reported favorably by
 1-5     the following vote:  Yeas 5, Nays 0; May 11, 2001, sent to
 1-6     printer.)
 1-7                            A BILL TO BE ENTITLED
 1-8                                   AN ACT
 1-9     relating to an exemption from ad valorem taxation of property owned
1-10     by nonprofit corporations that provide chilled water and steam to
1-11     certain health-related institutions of this state.
1-12           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-13           SECTION 1.  Section 11.11, Tax Code, is amended by adding
1-14     Subsection (i) to read as follows:
1-15           (i)  A corporation organized under the Texas Non-Profit
1-16     Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil
1-17     Statutes) that engages exclusively in providing chilled water and
1-18     steam to an eligible institution, as defined by Section 301.031,
1-19     Health and Safety Code, is entitled to an exemption from taxation
1-20     of the property the corporation owns, as though the property of the
1-21     corporation were owned by this state and used for health or
1-22     educational purposes.
1-23           SECTION 2.  This Act takes effect immediately if it receives
1-24     a vote of two-thirds of all the members elected to each house, as
1-25     provided by Section 39, Article III, Texas Constitution.  If this
1-26     Act does not receive the vote necessary for immediate effect, this
1-27     Act takes effect September 1, 2001.
1-28                                  * * * * *