1-1     By:  Van de Putte                                     S.B. No. 1710
 1-2           (In the Senate - Filed March 9, 2001; March 14, 2001, read
 1-3     first time and referred to Committee on Intergovernmental
 1-4     Relations; April 19, 2001, reported adversely, with favorable
 1-5     Committee Substitute by the following vote:  Yeas 7, Nays 0;
 1-6     April 19, 2001, sent to printer.)
 1-7     COMMITTEE SUBSTITUTE FOR S.B. No. 1710                 By:  Lindsay
 1-8                            A BILL TO BE ENTITLED
 1-9                                   AN ACT
1-10     relating to requirements regarding and terms of local tax abatement
1-11     agreements.
1-13           SECTION 1.  Subsection (a), Section 312.206, Tax Code, is
1-14     amended to read as follows:
1-15           (a)  If property taxes on property located in the taxing
1-16     jurisdiction of a municipality are abated under an agreement made
1-17     under Section 312.204 or 312.211, the governing body of each other
1-18     taxing unit eligible to enter into tax abatement agreements under
1-19     Section 312.002 in which the property is located may execute a
1-20     written tax abatement agreement with the owner of the property [not
1-21     later than the 90th day after the date the municipal agreement is
1-22     executed].  The agreement is not required to contain terms
1-23     identical to those contained in the agreement with the
1-24     municipality.  The execution, duration, and other terms of an
1-25     agreement made under this section are governed by the provisions of
1-26     Sections 312.204, 312.205, and 312.211 applicable to a
1-27     municipality.  [Section 312.205 applies to an agreement made by a
1-28     taxing unit under this section in the same manner as it applies to
1-29     an agreement made by a municipality under Section 312.204 or
1-30     312.211.]  If the governing body of the taxing unit by official
1-31     action at any time before the execution of the municipal agreement
1-32     expresses an intent to be bound by the terms of the municipal
1-33     agreement if the municipality enters into an agreement under
1-34     Section 312.204 or 312.211 with the owner relating to the property,
1-35     the terms of the municipal agreement regarding the share of the
1-36     property to be exempt in each year of the municipal agreement apply
1-37     to the taxation of the property by the taxing unit.
1-38           SECTION 2.  This Act takes effect September 1, 2001.
1-39                                  * * * * *