By Davis of Dallas                                    H.B. No. 3383
         Line and page numbers may not match official copy.
         Bill not drafted by TLC or Senate E&E.
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the expenditures made by community housing development
 1-3     organizations.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1. Section 11.182, Tax Code, is amended by adding
 1-6     Section 11.182(f) to read as follows:
 1-7           (f)  The governing body of a taxing unit by ordinance or
 1-8     order may require than an organization entitled to an exemption
 1-9     under Section 11.182(a) exhibit that at least fifty percent of the
1-10     exemption value be expended on social, educational, or economic
1-11     development services for the residents of the property in the year
1-12     in which the taxes are exempt from ad valorem taxation.