BILL ANALYSIS
Senate Research Center S.B. 1730
By: Janek
S/C on Emerging Technologies & Economic Dev.
AUTHOR'S/SPONSOR'S STATEMENT OF INTENT
Under current law, a municipality or county may not use revenue derived from ad valorem taxes to construct, operate, maintain, or renovate a venue that is part of an approved venue project.
S.B. 1730 provides an exception by allowing the municipality to conduct an election in order to authorize an ad valorem tax for the purpose of construction, operation, maintenance, or renovation of a venue that is part of an approve project and the levy of such an ad valorem tax approved in accordance with the statute.
S.B. 1730 does not apply to venues that would be authorized as a municipal parks and recreation system; improvements or additions to a parks and recreation system; or an area or facility that is part of a municipal parks and recreation system.
S.B. 1730 does not apply to a watershed protection and preservation project; a recharge, recharge area, or recharge feature protection project; a conservation easement; or an open-space preservation program intended to protect water.
RULEMAKING AUTHORITY
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 334.041, Texas [SIC] Local Government Code, as follows:
(f) Adds an exception regarding the ability of a municipality or county to use revenue derived from ad valorem taxes.
SECTION 2. Effective date: upon passage or September 1, 2005.