SRC-LBB S.B. 1651 78(R)   BILL ANALYSIS


Senate Research Center   S.B. 1651
78R4205 ATP-DBy: Duncan
Business & Commerce
5/6/2003
As Filed


DIGEST AND PURPOSE 

Currently, certain cities, under the Development Corporation Act, are able
to pass bonds or implement sales tax options to expand economic
development in their areas.  As proposed, S.B. 1651 expands the definition
of economic development projects to include those projects that improve
telecommunications infrastructure. 

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to
a state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 2 (11) (A), Development Corporation Act of 1979
(Article 5190.6, V.T.C.S.) to expand the definition of "project" to
include "telecommunications infrastructure." 

SECTION 2.  Effective date:  upon passage or September 1, 2003.