By Coleman H.B. No. 3532
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 economic development by local governmental entities.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Subtitle B, Title 12, Local Government Code, is
1-5 amended by adding Chapter 386 to read as follows:
1-6 CHAPTER 386. COMMERCIAL AND INDUSTRIAL DEVELOPMENT ZONES
1-7 SUBCHAPTER A. GENERAL PROVISIONS
1-8 Sec. 386.001. DEFINITIONS. In this chapter:
1-9 (1) "Board" means a board of directors of a commercial
1-10 and industrial development zone.
1-11 (2) "Development zone" means an area designated as a
1-12 commercial and industrial development zone under this chapter.
1-13 Sec. 386.002. JURISDICTION OF MUNICIPALITY. For the purposes
1-14 of this chapter, territory in the extraterritorial jurisdiction of
1-15 a municipality is considered to be in the jurisdiction of the
1-16 municipality.
1-17 (Sections 386.003-386.030 reserved for expansion
1-18 SUBCHAPTER B. CREATION OF COMMERCIAL AND INDUSTRIAL
1-19 DEVELOPMENT ZONE
1-20 Sec. 386.031. CRITERIA FOR DEVELOPMENT ZONE CREATION. (a)
1-21 To be created as a development zone, an area must:
1-22 (1) have a continuous boundary;
1-23 (2) be at least 10 square miles but not larger than an
2-1 area that is equal to five percent of the area, excluding lakes,
2-2 waterways, and transportation arteries, of the municipality,
2-3 county, or combination of municipalities and the county nominating
2-4 the area as a development zone;
2-5 (3) be an area of pervasive poverty, unemployment, or
2-6 economic distress;
2-7 (4) be located in a county with a population of 2.5
2-8 million or more;
2-9 (5) be adjacent to major transportation nodes and
2-10 thoroughfares that may be used for exporting products to major
2-11 airports, railways, and ports; and
2-12 (6) be designated as a development zone by an
2-13 ordinance or order adopted by each creating body.
2-14 (b) A municipality may contain not more than three
2-15 development zones within its jurisdiction.
2-16 (c) A county may contain not more than three development
2-17 zones in its unincorporated areas.
2-18 (d) Creation of a development zone in a municipality or
2-19 county does not affect the number of enterprise zones that may be
2-20 designated in the municipality or county under Chapter 2303,
2-21 Government Code.
2-22 Sec. 386.032. AREA OF PERVASIVE POVERTY, UNEMPLOYMENT, OR
2-23 ECONOMIC DISTRESS. An area is an area of pervasive poverty,
2-24 unemployment, or economic distress for the purposes of Section
2-25 386.031 if:
2-26 (1) the average rate of unemployment in the area
3-1 during the most recent 12-month period for which data are available
3-2 was at least 1-1/2 times the state average for that period;
3-3 (2) the area is a low-income poverty area;
3-4 (3) the area is in a jurisdiction or pocket of
3-5 poverty, according to the most recent certification available from
3-6 the United States Department of Housing and Urban Development; or
3-7 (4) at least 70 percent of the residents or households
3-8 of the area have an income that is less than 80 percent of the
3-9 median income of the residents or households of the locality or
3-10 state, whichever is less.
3-11 Sec. 386.033. CREATION OF DEVELOPMENT ZONE. (a) A
3-12 development zone is created to promote and encourage:
3-13 (1) commercial development, including the development
3-14 of businesses in the technology field;
3-15 (2) workforce development;
3-16 (3) the improvement of competitiveness in education;
3-17 (4) public and private sector partnerships; and
3-18 (5) the revitalization of neighborhoods.
3-19 (b) The governing body of a municipality or county,
3-20 individually or in combination with other municipalities, by
3-21 ordinance or order may create as a development zone an area within
3-22 its jurisdiction that meets the criteria under Section 386.031.
3-23 (c) Each creating body must hold a public hearing before
3-24 adopting an ordinance or order under this section.
3-25 (d) The governing body of a county may not designate
3-26 territory in the jurisdiction of a municipality as part of a
4-1 proposed development zone unless the governing body of the
4-2 municipality also designates the territory.
4-3 (e) A development zone created under this section is a:
4-4 (1) political subdivision of the state; and
4-5 (2) special district.
4-6 Sec. 386.034. DESIGNATING ORDINANCE OR ORDER. (a) An
4-7 ordinance or order designating an area as a development zone must:
4-8 (1) describe precisely the area to be included in the
4-9 zone by a legal description or by reference to roadways, lakes,
4-10 waterways, or municipal or county boundaries;
4-11 (2) state a finding that the area meets the
4-12 requirements of this chapter;
4-13 (3) summarize briefly the:
4-14 (A) incentives, including tax incentives, that
4-15 the designating body chooses to apply to businesses in the area; or
4-16 (B) programs to be developed to affect
4-17 businesses in the area; and
4-18 (4) designate the area as a development zone.
4-19 (b) The incentives or programs summarized under Subsection
4-20 (a)(3) must include:
4-21 (1) an incentive that does not apply to all businesses
4-22 located in the jurisdiction of a governmental entity that
4-23 designated the area as a development zone;
4-24 (2) an incentive or program designed to improve the
4-25 skills of the local labor pool; and
4-26 (3) an incentive or program designed to address
5-1 infrastructure, housing, or other elements essential to improving
5-2 quality of life.
5-3 (c) This section does not prohibit a municipality or county
5-4 from extending additional incentives, including tax incentives, to
5-5 business enterprises in a development zone by a separate ordinance
5-6 or order.
5-7 Sec. 386.035. TAX INCREMENT. A creating body may allow one
5-8 quarter of one percent of a local property tax increment to fund a
5-9 development zone, as provided by Chapter 311, Tax Code. On
5-10 adoption of an order or ordinance by each creating body, the fund
5-11 may be used to pay salaries of employees of the board and
5-12 administrative expenses of the development zone.
5-13 Sec. 386.036. AMENDING BOUNDARIES. (a) A creating body by
5-14 ordinance or order may amend the boundary of a development zone
5-15 after a public hearing on the issue.
5-16 (b) The amended boundary:
5-17 (1) must be continuous;
5-18 (2) may not exceed the original size requirement of
5-19 Section 386.031; and
5-20 (3) may not exclude any area originally included
5-21 within the boundary of the development zone.
5-22 (c) The entire development zone with the amended boundary
5-23 must continue to meet the unemployment or economic distress
5-24 requirements of Section 386.031.
5-25 (d) A creating body may not make more than one boundary
5-26 amendment for a development zone in a calendar year.
6-1 (e) If more than one body created the development zone, each
6-2 body must agree on the amendment by ordinance or order.
6-3 (Sections 386.037-386.060 reserved for expansion
6-4 SUBCHAPTER C. BOARD OF DIRECTORS
6-5 Sec. 386.061. BOARD OF DIRECTORS. (a) A development zone is
6-6 governed by a board of nine directors who serve two-year terms,
6-7 appointed as follows:
6-8 (1) the governing body of the municipality, if any,
6-9 that includes the greatest part of the zone's territory shall
6-10 appoint four directors;
6-11 (2) other municipalities, if any, any part of which
6-12 are included in the zone's territory, jointly shall appoint one
6-13 director;
6-14 (3) the commissioners court of the county in which the
6-15 zone is located shall appoint:
6-16 (A) nine directors, if the zone contains no
6-17 municipality; or
6-18 (B) four directors, if the zone contains one or
6-19 more municipalities; and
6-20 (4) if a development zone contains territory in only
6-21 one municipality, the municipality and the county in which the zone
6-22 is located jointly shall appoint one director.
6-23 (b) The initial terms of directors may be staggered.
6-24 Sec. 386.062. QUALIFICATIONS OF DIRECTORS. To serve as a
6-25 director, a person must:
6-26 (1) be at least 21 years old; and
7-1 (2) be registered to vote in the county in which the
7-2 development zone is located.
7-3 Sec. 386.063. DISQUALIFICATION OF DIRECTORS. Section 49.052,
7-4 Water Code, applies to directors of a development zone created
7-5 under this chapter as if the zone were a district governed by that
7-6 section.
7-7 Sec. 386.064. BOARD VACANCIES. A vacancy in the office of
7-8 director shall be filled by appointment by the entity that
7-9 appointed the vacating director.
7-10 Sec. 386.065. REMOVAL OF DIRECTOR. A majority of the board
7-11 may remove a director for misconduct or failure to carry out the
7-12 director's duties.
7-13 Sec. 386.066. ORGANIZATION OF BOARD. (a) Except as provided
7-14 by Subsection (b), after each appointment and qualification of
7-15 directors by the appointing entities, the board shall organize by
7-16 electing a president, a vice president, a secretary, and any other
7-17 officers the board considers necessary.
7-18 (b) If a director is appointed under Section 386.061(a)(4),
7-19 that director shall serve as board president.
7-20 Sec. 386.067. QUORUM; DIRECTOR'S DUTIES; MANAGEMENT OF ZONE.
7-21 Sections 49.053, 49.057, and 49.058, Water Code, apply to the board
7-22 of directors of a development zone created under this chapter as if
7-23 the zone were a district governed by those sections.
7-24 Sec. 386.068. MEETINGS AND NOTICE. (a) The board shall
7-25 designate and establish a development zone office in the county.
7-26 (b) The board may establish regular meetings to conduct
8-1 development zone business and may hold special meetings at other
8-2 times as the business of a zone requires.
8-3 (c) Notice of the time, place, and purpose of any meeting of
8-4 the board shall be given by posting a notice containing that
8-5 information at a place convenient to the public within the
8-6 development zone. A copy of the notice shall be furnished to the
8-7 clerk or clerks of the county in which the zone is located, who
8-8 shall post the notice on a bulletin board in the county courthouse
8-9 used for that purpose.
8-10 Sec. 386.069. DIRECTOR'S COMPENSATION; BOND AND OATH OF
8-11 OFFICE. Sections 375.067, 375.069, and 375.070 apply to directors
8-12 of a development zone created under this chapter as if the zone
8-13 were a municipal management district.
8-14 (Sections 386.070-386.100 reserved for expansion
8-15 SUBCHAPTER D. POWERS AND DUTIES
8-16 Sec. 386.101. GENERAL POWERS. (a) A development zone may
8-17 acquire and dispose of projects and has the powers, authority,
8-18 rights, and duties that are necessary to permit the accomplishment
8-19 of purposes for which the zone was created.
8-20 (b) A development zone may provide for general promotion of
8-21 and tourist advertising regarding the zone and its vicinity and for
8-22 a marketing program to attract visitors. The zone may conduct
8-23 those activities under contracts for professional services with
8-24 persons or organizations the zone selects.
8-25 (c) A development zone may enter into a memorandum of
8-26 understanding with any state agency, including an institution of
9-1 higher education, to further the economic development of the zone.
9-2 (d) To the extent not inconsistent with this chapter, a
9-3 development zone has the powers of:
9-4 (1) a municipal management district created under
9-5 Chapter 375; and
9-6 (2) a county commissioners court under Section
9-7 381.004.
9-8 Sec. 386.102. DUTY TO EVALUATE AVAILABLE FINANCING OPTIONS.
9-9 The board shall evaluate all options available to the development
9-10 zone as alternatives to imposing a tax under Section 386.035,
9-11 including:
9-12 (1) regional grants from federal and state agencies;
9-13 (2) local money from a creating body;
9-14 (3) money from charities;
9-15 (4) sales taxes for economic development in the
9-16 development zone;
9-17 (5) use or impact fees on affected business entities;
9-18 (6) incentives for business entities that may benefit
9-19 from the development zone;
9-20 (7) money provided by local governmental entities; and
9-21 (8) in-kind contributions.
9-22 Sec. 386.103. LIMIT ON DEVELOPMENT ZONE POWERS; OTHER LAWS
9-23 SUPERSEDE. (a) For purposes of this section, "district or zone"
9-24 means:
9-25 (1) a federal enterprise zone;
9-26 (2) a state enterprise zone;
10-1 (3) a municipal management district; or
10-2 (4) any other special district, other than a
10-3 development zone.
10-4 (b) This section applies only to a district or zone that
10-5 contains territory included in the development zone's territory.
10-6 (c) The authority granted to a development zone under this
10-7 chapter is not intended to duplicate the authority granted to a
10-8 district or zone.
10-9 (d) This chapter does not limit the authority or
10-10 jurisdiction of any district or zone.
10-11 (e) To the extent the laws of this chapter conflict with the
10-12 laws of any other district or zone, the laws of the other district
10-13 or zone shall control over this chapter.
10-14 Sec. 386.104. MONITORING. (a) The board shall monitor each
10-15 person in a development zone that receives benefits available under
10-16 this chapter.
10-17 (b) On the board's request, the Texas Workforce Commission
10-18 or the comptroller's office shall provide to the board tax records
10-19 of a person that receives benefits under this chapter.
10-20 Sec. 386.105. NEIGHBORHOOD REDEVELOPMENT ZONES. (a) The
10-21 board may designate an area as a neighborhood redevelopment zone if
10-22 the area is:
10-23 (1) adjacent to the development zone; and
10-24 (2) eligible for inclusion in the development zone
10-25 under Sections 386.036(b) and (c).
10-26 (b) A development zone may exercise the powers available to
11-1 it in an area designated by the board under Subsection (a).
11-2 Sec. 386.106. SUITS. A development zone may, through is
11-3 directors, sue and be sued in this state in the name of the
11-4 development zone. Service of process in a suit may be had by
11-5 serving a director.
11-6 (Sections 386.107-386.200 reserved for expansion
11-7 SUBCHAPTER E. GENERAL FISCAL PROVISIONS
11-8 Sec. 386.201. EXPENDITURES. A development zone's money may
11-9 be disbursed only by check, draft, order, or other instrument
11-10 signed by at least three directors. The general manager,
11-11 treasurer, or other employee of the development zone, if authorized
11-12 by resolution of the board, may sign checks, drafts, orders, or
11-13 other instruments on any development zone operation account on
11-14 behalf of the board.
11-15 Sec. 386.202. COMPETITIVE BIDDING; CONTRACT AWARD.
11-16 Subchapter K, Chapter 375, applies to a development zone created
11-17 under this chapter as if the zone were a municipal management
11-18 district.
11-19 (Sections 386.203-386.300 reserved for expansion
11-20 SUBCHAPTER F. DISSOLUTION
11-21 Sec. 386.301. DISSOLUTION OF DEVELOPMENT ZONE BY CREATING
11-22 BODY. (a) After a hearing, a creating body may dissolve a
11-23 development zone if:
11-24 (1) the area no longer meets the criteria for
11-25 designation under this chapter;
11-26 (2) the best interests of the creating body and the
12-1 owners of property and interests in property in the zone will be
12-2 served by dissolving the zone; and
12-3 (3) each creating body agrees by ordinance or order on
12-4 the:
12-5 (A) proposition that the zone should be
12-6 dissolved;
12-7 (B) disposition of zone assets; and
12-8 (C) assumption of liabilities by the creating
12-9 bodies.
12-10 (b) The dissolution of a development zone does not affect
12-11 the validity of a:
12-12 (1) tax incentive or regulatory relief granted or
12-13 accrued before the removal; or
12-14 (2) bond issued under this chapter.
12-15 Sec. 386.302. DISSOLUTION BY BOARD REQUEST. A board may
12-16 petition a creating body to dissolve the development zone under
12-17 Section 386.301 if a majority of the board finds at any time:
12-18 (1) before the authorization of bonds or the final
12-19 lending of its credit that the continuation of the development zone
12-20 is impracticable or cannot be successfully and beneficially
12-21 accomplished; or
12-22 (2) that all bonds of the development zone or other
12-23 debts of the zone have been paid and the purposes of the zone have
12-24 been accomplished.
12-25 Sec. 386.303. TAXES. On dissolution of a development zone,
12-26 any taxes levied on behalf of the zone are abolished.
13-1 SECTION 2. Section 431.101, Transportation Code, is amended
13-2 by amending Subsections (e) and (f) and adding Subsections (g),
13-3 (h), and (i) to read as follows:
13-4 (e) Except as provided by Subsections (h) and (i), a local
13-5 government corporation is subject to all state law related to the
13-6 design and construction of projects, including the procurement of
13-7 design and construction services, that applies to the local
13-8 government that created the corporation. In the event that a local
13-9 government corporation is created jointly by multiple local
13-10 governments, and if the local governments have different threshold
13-11 contract amounts at which competitive bidding is required, then the
13-12 corporation shall follow the lower amount [Section 394.904(a),
13-13 Local Government Code, applies to property and improvements owned
13-14 by a local government corporation. Section 394.904(b) of that code
13-15 applies to each contract awarded by the local government
13-16 corporation].
13-17 (f) A local government corporation is not subject to a
13-18 competitive bidding requirement or other restriction imposed on the
13-19 procedure related to the lease, sale, or other disposition of real
13-20 property.
13-21 (g) A member of the board of directors of a local government
13-22 corporation:
13-23 (1) is not a public official by virtue of that
13-24 position; and
13-25 (2) unless otherwise ineligible, may be appointed to
13-26 serve concurrently on the board of directors of a reinvestment zone
14-1 created under Chapter 311, Tax Code.
14-2 (h) A corporation created after September 1, 1999, by a
14-3 municipality for the purpose of the development of a convention
14-4 center hotel project is exempt from competitive bidding
14-5 requirements and other restrictions on the award of contracts for
14-6 the limited purpose of completing a project initiated prior to
14-7 December 31, 2000.
14-8 (i) A corporation created by a municipality after September
14-9 1, 1999, for the purpose of developing water treatment and
14-10 distribution facilities is exempt from competitive bidding
14-11 requirements and other restrictions on the award of contracts for
14-12 the limited purpose of completing projects as described in a
14-13 project definition document issued prior to December 31, 2000. Any
14-14 expansion of the treatment facility beyond the project described in
14-15 the project definition document is exempt from competitive bidding
14-16 requirements and other restrictions on the award of contracts for
14-17 the purpose of contracting for the operation of the facility but is
14-18 subject to all state law related to design and construction
14-19 procurement that applies to the local government that created the
14-20 corporation, as provided in Subsection (e).
14-21 SECTION 3. Subchapter D, Chapter 431, Transportation Code,
14-22 is amended by adding Sections 431.110 and 431.111 to read as
14-23 follows:
14-24 Sec. 431.110. CONFLICT OF INTEREST IN CONTRACTS. The
14-25 provisions of Chapter 171, Local Government Code, shall apply to
14-26 the award of contracts by a local government corporation.
15-1 Sec. 431.111. ANNUAL REPORT TO COMPTROLLER. (a) Not later
15-2 than February 1 of each year, the board of a local government
15-3 corporation shall submit to the comptroller a report in the form
15-4 required by the comptroller. The form for the report may not
15-5 exceed one page in length.
15-6 (b) The report must include:
15-7 (1) a statement of the corporation's purpose;
15-8 (2) a statement of the corporation's total revenues
15-9 and expenditures during the preceding fiscal year; and
15-10 (3) a summary of the corporation's activities during
15-11 the preceding fiscal year, including any bonds issued and capital
15-12 projects undertaken by the corporation.
15-13 (c) A copy of the annual report required by this section
15-14 shall also be submitted to the local government that created the
15-15 corporation.
15-16 SECTION 4. Section 311.002(1), Tax Code, is amended to read
15-17 as follows:
15-18 (1) "Project costs" means the expenditures made or
15-19 estimated to be made and monetary obligations incurred or estimated
15-20 to be incurred by the municipality or county establishing a
15-21 reinvestment zone that are listed in the project plan as costs of
15-22 public works or public improvements in the zone, plus other costs
15-23 incidental to those expenditures and obligations. "Project costs"
15-24 include:
15-25 (A) capital costs, including the actual costs of
15-26 the acquisition and construction of public works, public
16-1 improvements, new buildings, structures, and fixtures; the actual
16-2 costs of the acquisition, demolition, alteration, remodeling,
16-3 repair, or reconstruction of existing buildings, structures, and
16-4 fixtures; and the actual costs of the acquisition of land and
16-5 equipment and the clearing and grading of land;
16-6 (B) financing costs, including all interest paid
16-7 to holders of evidences of indebtedness or other obligations issued
16-8 to pay for project costs and any premium paid over the principal
16-9 amount of the obligations because of the redemption of the
16-10 obligations before maturity;
16-11 (C) real property assembly costs;
16-12 (D) professional service costs, including those
16-13 incurred for architectural, planning, engineering, and legal advice
16-14 and services;
16-15 (E) imputed administrative costs, including
16-16 reasonable charges for the time spent by employees of the
16-17 municipality or county in connection with the implementation of a
16-18 project plan;
16-19 (F) relocation costs;
16-20 (G) organizational costs, including the costs of
16-21 conducting environmental impact studies or other studies, the cost
16-22 of publicizing the creation of the zone, and the cost of
16-23 implementing the project plan for the zone;
16-24 (H) interest before and during construction and
16-25 for one year after completion of construction, whether or not
16-26 capitalized;
17-1 (I) the cost of operating the reinvestment zone
17-2 and project facilities;
17-3 (J) the amount of any contributions made by the
17-4 municipality or county from general revenue for the implementation
17-5 of the project plan; and
17-6 (K) payments made at the discretion of the
17-7 governing body of the municipality or county that the municipality
17-8 or county finds necessary or convenient to the creation of the zone
17-9 or to the implementation of the project plans for the zone.
17-10 SECTION 5. Subtitle B, Chapter 311, Tax Code, is amended by
17-11 adding Section 311.100 to read as follows:
17-12 Sec. 311.100. PROCEDURE FOR CREATING REINVESTMENT ZONE IN
17-13 UNINCORPORATED AREAS OF CERTAIN POPULOUS COUNTIES. (a) The
17-14 governing body of a county with population in excess of 2.1 million
17-15 may designate a contiguous geographic area in the unincorporated
17-16 area of the county to be a reinvestment zone to promote development
17-17 or redevelopment of the area if the governing body determines that
17-18 development or redevelopment would not occur solely through private
17-19 investment in the reasonably foreseeable future.
17-20 (b) Before designating a reinvestment zone, the governing
17-21 body of the county must prepare a preliminary reinvestment zone
17-22 financing plan. As soon as the plan is completed, a copy of the
17-23 plan must be sent to the governing body of each taxing unit that
17-24 levies taxes on real property in the proposed zone.
17-25 (c) Before designating a reinvestment zone, the county must
17-26 hold a public hearing on the creation of the zone and its benefits
18-1 to the county and to property in the proposed zone. At the hearing
18-2 an interested person may speak for or against the creation of the
18-3 zone, its boundaries, or the concept of tax increment financing.
18-4 Not later than the seventh day before the date of the hearing,
18-5 notice of the hearing must be published in a newspaper having
18-6 general circulation in the county.
18-7 (d) A county must provide a reasonable opportunity for the
18-8 owner of property to protest the inclusion of the property in a
18-9 proposed reinvestment zone.
18-10 (e) Not later than the 60th day before the date of the
18-11 public hearing required by Subsection (c), the governing body of
18-12 the county must notify in writing the governing body of each taxing
18-13 unit that levies real property taxes in the proposed reinvestment
18-14 zone that it intends to establish the zone. The notice must
18-15 contain a description of the proposed boundaries of the zone, the
18-16 tentative plans for the development or redevelopment of the zone,
18-17 and an estimate of the general impact of the proposed zone on
18-18 property values and tax revenues. The notice may be given later
18-19 than the 60th day before the date of the public hearing if the
18-20 governing body of each county and school district that levies real
18-21 property taxes in the proposed zone agrees to waive the
18-22 requirement.
18-23 (f) A taxing unit may request additional information from
18-24 the governing body of the county. The governing body of the
18-25 municipality shall provide the information requested to the extent
18-26 practicable. In addition to the notice required by Subsection (e),
19-1 the governing body of the county shall make a formal presentation
19-2 to the governing body of each school district that levies real
19-3 property taxes in the proposed reinvestment zone. The
19-4 presentation must include a description of the proposed boundaries
19-5 of the zone, the tentative plans for the development or
19-6 redevelopment of the zone, and an estimate of the general impact of
19-7 the proposed zone on property values and tax revenues. The
19-8 governing body of the county shall notify each taxing unit that
19-9 levies real property taxes in the proposed zone of each
19-10 presentation to be made to a school district under this subsection.
19-11 Members of the governing body of each taxing unit that levies real
19-12 property taxes in the proposed zone may attend a presentation under
19-13 this subsection. If agreed to by the school districts involved,
19-14 the governing body of the county may make a single presentation to
19-15 more than one school district governing body.
19-16 (g) Not later than the 15th day after the date on which the
19-17 notice required by Subsection (e) is given, each taxing unit that
19-18 levies real property taxes in the proposed reinvestment zone shall
19-19 designate a representative to meet with the governing body of the
19-20 county to discuss the project plan and the reinvestment zone
19-21 financing plan and shall notify the governing body of the county of
19-22 its designation. At any time after the 15th day after the date on
19-23 which the notice required by Subsection (e) has been given to every
19-24 taxing unit, the governing body of the county may call a meeting of
19-25 the representatives of the taxing units. The governing body of the
19-26 county may call as many meetings as it considers necessary. Each
20-1 representative shall be notified of each meeting in advance. At
20-2 the meetings the governing body of the county and the
20-3 representatives of the other taxing units may discuss the
20-4 boundaries of the zone, development in the zone, the tax increment
20-5 that each taxing unit will contribute to the tax increment fund,
20-6 the retention by a taxing unit of a portion of its tax increment as
20-7 permitted by Section 311.013, the exclusion of particular parcels
20-8 of property from the zone, the board of directors for the zone, and
20-9 tax collection for the zone. On the motion of the governing body
20-10 of the county calling the meeting, any other matter relevant to the
20-11 proposed reinvestment zone may be discussed.
20-12 SECTION 6. With the exception of Subsections (h) and (i),
20-13 Section 431.101, Transportation Code, as added by this Act, the
20-14 change in law made by this Act to Subsection (e), Section 431.101,
20-15 Transportation Code, applies only to a contract entered into by a
20-16 local government corporation on or after the effective date of this
20-17 Act. A contract entered into before the effective date of this Act
20-18 is governed by that section as it existed immediately before the
20-19 effective date of this Act, and the former law is continued in
20-20 effect for that purpose.
20-21 SECTION 7. This Act takes effect immediately if it receives
20-22 a vote of two-thirds of all the members elected to each house, as
20-23 provided by Section 39, Article III, Texas Constitution. If this
20-24 Act does not receive the vote necessary for immediate effect, this
20-25 Act takes effect September 1, 2001.