H.B. No. 2931




AN ACT

relating to the authority of a municipality that includes or is near 
a defense base to issue bonds for facilities to be leased to the 
federal government.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 1509.001(a), Government Code, is amended 
to read as follows:
	(a)  A municipality may acquire land and may construct or 
acquire a building or other facility for the purpose of leasing the 
land, building, or other facility to:
		(1)  a political subdivision or state agency for public 
use;  [or]
		(2)  an individual, private corporation, or other 
private entity for use in manufacturing or another commercial 
activity; or
		(3)  if the municipality is a defense community as 
defined by Section 397.001, Local Government Code, the federal 
government to enhance the military value of a military facility 
located in or near the defense community.
	SECTION 2.  Section 1509.004, Government Code, is amended by 
adding Subsection (c) to read as follows:
	(c)  A municipality with a population of at least 50,000 that 
has taken action under Section 1509.001(a)(3) may also provide for 
the payment of the principal of or interest on the bonds issued to 
finance the action taken by pledging all or any part of other 
municipal revenue that the municipality is not prohibited from 
using for that payment.
	SECTION 3.  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.




______________________________              ______________________________
 
   President of the Senate                               Speaker of the House      

	I certify that H.B. No. 2931 was passed by the House on May 9, 
2005, by the following vote:  Yeas 144, Nays 0, 3 present, not 
voting.

                                                  ______________________________
                                                     Chief Clerk of the House   

	I certify that H.B. No. 2931 was passed by the Senate on May 
25, 2005, by the following vote:  Yeas 31, Nays 0.

                                                  ______________________________
                                                     Secretary of the Senate    



APPROVED:  _____________________                                            
 
                   Date                                                      




 
          _____________________                                          
 
                 Governor