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79S30046 JD-F

By:  Barrientos, Wentworth                                        S.B. No. 19 



A BILL TO BE ENTITLED

AN ACT

relating to the financing of certain intermunicipal commuter rail 
district transportation infrastructure.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 8(d), Article 6550c-1, Revised Statutes, 
is amended to read as follows:
	(d)  The agreement may establish one or more transportation 
infrastructure zones.  The district and the local government may 
agree that, at one or more specified times, the local government 
will pay to the district an amount that is calculated on the basis 
of increased ad valorem tax collections in a zone that are 
attributable to increased values of property located in the zone 
resulting from an infrastructure project.  The amount may not 
exceed an amount that is equal to the percentage [30 percent] of the 
increase in ad valorem tax collections for the specified period 
agreed to by the district and local government, which must be 
included in the agreement.
	SECTION 2.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2006.