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Floor Packet Page No. 39                                                    

	
Amend CSHB 3 as follows:                                                     

(1)  In Article 1 of the bill, add the following 	appropriately designated part and redesignate existing parts 
accordingly:

PART ___.  TEXAS ECONOMIC DEVELOPMENT ACT
	SECTION 1_.01.  Section 313.051, Tax Code, is amended by 
adding Subsection (a-1) and amending Subsection (b) to read as 
follows:
	(a-1)  Notwithstanding Subsection (a), if this subchapter 
applied to a school district on January 1, 2002, this subchapter 
continues to apply to the school district regardless of whether the 
school district ceased or ceases to be described by Subsection (a) 
after that date.
	(b)  The governing body of a school district to which this 
subchapter applies may enter into an agreement in the same manner as 
a school district to which Subchapter B applies may do so under 
Subchapter B, subject to Sections 313.052-313.054.  Except as 
otherwise provided by this subchapter, the provisions of Subchapter 
B apply to a school district to which this subchapter applies.  For 
purposes of this subchapter, a property owner is required to create 
only at least 10 new jobs on the owner's qualified property.  At 
least 10 [80] percent of all the new jobs created must be qualifying 
jobs as defined by Section 313.021(3).
	SECTION 1_.02.  Section 313.051(b), Tax Code, as amended by 
this part, applies only to a limitation on the appraised value for 
school district maintenance and operations ad valorem tax purposes 
for which the owner files an application on or after the effective 
date of this Act.  A limitation on the appraised value for school 
district maintenance and operations ad valorem tax purposes for 
which the owner files an application before the effective date of 
this Act is governed by the law as it existed immediately before the 
effective date of this Act, and that law is continued in effect for 
that purpose.
	(2)  On page 23, line 24, strike "or".                                         
	(3)  On page 23, line 27, strike "." and substitute "; or".                    
	(4)  On page 23, below line 27, add the following:                             
		(4)  the validity of an agreement entered into by a 
corporation or a limited liability company with a school district 
under Chapter 313, Tax Code, that was executed before the effective 
date of the repeal of Chapter 171, Tax Code, and the former law is 
continued in effect for that purpose.