SRC-JEC S.B. 1944 78(R) BILL ANALYSIS Senate Research Center S.B. 1944 By: Fraser Business & Commerce 5/6/2003 As Filed DIGEST AND PURPOSE The City of Temple currently is home to six centers for medical services, educational and clinical resources, and bioscience research. These centers include: Temple Life Science, Technology and Research Campus, Cardiovascular Research Institute, Central Texas Veteran's Health Care Center, Scott & White Hospital & Clinics, Texas A&M University Blackland Research Center/USDA Research Center, and Texas A&M University Health Science Center/College of Medicine. As proposed, S.B. 1944 authorizes the creation of The Temple Health and Bioscience Economic Development District with the power to use limited property taxes for economic development purposes only for the health and biosciences industries. The creation of the district is intended to further the public purpose of improving the economy of the state and the City of Temple by providing for the development of health and biosciences operations and facilities. RULEMAKING AUTHORITY Rulemaking authority is expressly granted to the Temple Health and Bioscience Economic Development District in SECTION 21 of this bill. SECTION BY SECTION ANALYSIS SECTION 1. DECLARATION OF FINDINGS AND INTENT. SUBCHAPTER A. GENERAL PROVISIONS SECTION 2. DEFINITIONS. SECTION 3. APPLICABILITY. SUBCHAPTER B. CREATION OF DISTRICT AND PROVIDING FOR AN AD VALOREM TAX SECTION 4. APPLICATION FOR PETITION. SECTION 5. HEADING, STATEMENT, AND ISSUE ON APPLICATION FOR PETITION TO CREATE DISTRICT. SECTION 6. COPIES OF PETITION. SECTION 7. FILING AND VERIFICATION OF PETITION. SECTION 8. REQUIREMENTS TO ORDER ELECTION. SECTION 9. NOTICE AND CONDUCT OF ELECTION. SECTION 10. POLITICAL SUBDIVISION. SUBCHAPTER C. BOARD OF DIRECTORS SECTION 11. ELECTION, COMPOSITION, AND APPOINTMENT OF BOARD. SECTION 12. BOARD VACANCY. SECTION 13. DIRECTOR'S BOND AND OATH. SECTION 14. COMPENSATION. SECTION 15. BOARD OFFICERS. SECTION 16. MEETINGS AND NOTICE; OPEN MEETINGS. SECTION 17. MANAGEMENT OF DISTRICT. SECTION 18. DISTRICT OFFICE. SECTION 19. SUITS. SECTION 20. EXPENDITURES. SUBCHAPTER D. POWERS AND DUTIES SECTION 21. GENERAL POWERS OF DISTRICT. SECTION 22. PROJECT FUND. SECTION 23. BONDS AND OTHER OBLIGATIONS. SECTION 24. PROJECTS ARE HELD FOR PUBLIC PURPOSES. SUBCHAPTER E. AD VALOREM TAX SECTION 25. LEVY OF AD VALOREM TAX. SECTION 26. TAX CODE APPLICABLE. SECTION 27. TAX RATE. SECTION 28. DEPOSIT OF TAX REVENUES. SUBCHAPTER F. COMPETITIVE BIDDING SECTION 29. COMPETITIVE BIDDING. SECTION 30. EXEMPTION. SUBCHAPTER G. DISSOLUTION OF DISTRICT SECTION 31. DISSOLUTION OF DISTRICT. SECTION 32. DISSOLUTION BY ORDER OF CITY COUNCIL. SECTION 33. DISSOLUTION OF DISTRICT ON AGREEMENT WITH THE CITY. SECTION 34. SEVERABILITY.