1-1 AN ACT
1-2 relating to the authority of certain municipalities to use hotel
1-3 occupancy tax revenue for certain venue projects.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 334.2515, Local Government Code, is
1-6 amended to read as follows:
1-7 Sec. 334.2515. APPLICATION. Except as provided by Section
1-8 334.2516, this [This] subchapter does not apply to the financing of
1-9 a venue project that is an area or facility that is part of a
1-10 municipal parks and recreation system.
1-11 SECTION 2. Subchapter H, Chapter 334, Local Government Code,
1-12 is amended by adding Section 334.2516 to read as follows:
1-13 Sec. 334.2516. USE OF REVENUE BY CERTAIN MUNICIPALITIES FOR
1-14 CERTAIN PURPOSES. (a) This section applies only to a municipality
1-15 that:
1-16 (1) is located in three counties;
1-17 (2) has a population of less than 120,000; and
1-18 (3) acquires by purchase or lease with a term of not
1-19 less than 20 years an interest in real property that by the terms
1-20 of the acquisition is required to be maintained as park property.
1-21 (b) A municipality may use revenue under this subchapter to
1-22 acquire, construct, improve, and equip a venue project that is a
1-23 convention center facility or related infrastructure to be
1-24 constructed on real property described by Subsection (a)(3). In
2-1 addition, the municipality may pledge the revenue to the payment of
2-2 bonds or other obligations the municipality issues to finance the
2-3 convention center facility infrastructure.
2-4 SECTION 3. This Act takes effect immediately if it receives
2-5 a vote of two-thirds of all the members elected to each house, as
2-6 provided by Section 39, Article III, Texas Constitution. If this
2-7 Act does not receive the vote necessary for immediate effect, this
2-8 Act takes effect September 1, 2001.
_______________________________ _______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 2681 was passed by the House on May
5, 2001, by the following vote: Yeas 140, Nays 0, 2 present, not
voting.
_______________________________
Chief Clerk of the House
I certify that H.B. No. 2681 was passed by the Senate on May
23, 2001, by the following vote: Yeas 30, Nays 0, 1 present, not
voting.
_______________________________
Secretary of the Senate
APPROVED: __________________________
Date
__________________________
Governor