79R2081 CLG-D
By: Chisum H.B. No. 498
A BILL TO BE ENTITLED
AN ACT
relating to a project that may be undertaken by a certain
development corporation in connection with new or expanded business
development.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2(11), Development Corporation Act of
1979 (Article 5190.6, Vernon's Texas Civil Statutes), is amended
to read as follows:
(11) [(A)] "Project" shall mean the land, buildings,
equipment, facilities, expenditures, targeted infrastructure, and
improvements (one or more) that are for the creation or retention of
primary jobs and that are found by the board of directors to be
required or suitable for the development, retention, or expansion
of manufacturing and industrial facilities, research and
development facilities, transportation facilities (including but
not limited to airports, ports, mass commuting facilities, and
parking facilities), sewage or solid waste disposal facilities,
recycling facilities, air or water pollution control facilities,
facilities for the furnishing of water to the general public,
distribution centers, small warehouse facilities capable of
serving as decentralized storage and distribution centers, primary
job training facilities for use by institutions of higher
education, and regional or national corporate headquarters
facilities.
"Project" also includes job training required or suitable for
the promotion of development and expansion of business enterprises
and other enterprises described by this Act, as provided by Section
38 of this Act.
"Project" also includes expenditures found by the board of
directors to be required or suitable for infrastructure necessary
to promote or develop new or expanded business enterprises limited
to streets and roads, rail spurs, water and electric utilities, gas
utilities, drainage and related improvements, and
telecommunications and Internet improvements.
For purposes of a corporation created by a city located in a
county with a population of less than 25,000, "project" also
includes the land, buildings, equipment, facilities, expenditures,
infrastructure, or improvements that are found by the board of
directors to be required or suitable for the promotion of new or
expanded business development.
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, 2005.