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


Senate Research CenterC.S.S.B. 1651
78R15220 ATP-FBy: Duncan
Business & Commerce
5/8/2003
Committee Report (Substituted)


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.  C.S.S.B. 1651 expands the definition of
economic development projects to include those projects that improve
telecommunications infrastructure. This bill also authorizes a corporation
to expend funds for the development of 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.  Amends Section 23, Development Corporation Act of 1979
(Article 5190.6, V.T.C.S.), by adding Subsections (f) and (g), as follows: 

(f)  Authorizes a corporation to expend funds for the development of
telecommunications  
 infrastructure under this Act only by contracting with private entities.

(g)  Provides that Subchapter E, Chapter 54, Utilities Code, applies to a
corporation created by a unit under this Act. 

SECTION 3.  Effective date:  upon passage or September 1, 2003.