By:  Duncan                                                       S.B. No. 1751
	(In the Senate - Filed March 11, 2005; March 30, 2005, read 
first time and referred to Committee on Intergovernmental 
Relations; April 25, 2005, reported adversely, with favorable 
Committee Substitute by the following vote:  Yeas 5, Nays 0; 
April 25, 2005, sent to printer.)


COMMITTEE SUBSTITUTE FOR S.B. No. 1751                                   By:  Brimer


A BILL TO BE ENTITLED

AN ACT


relating to the powers and board of directors of the Lubbock Reese 
Redevelopment Authority; authorizing a bond or similar obligation.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 3501.051, Special District Local Laws 
Code, is amended to read as follows:
	Sec. 3501.051.  COMPOSITION OF BOARD.  (a)  The board is 
composed of: 
		(1)  four [seven] directors appointed by the governing 
body of the City of Lubbock from a list of persons recommended by 
the board under this section;
		(2)  two directors [one director] appointed by the 
board as provided by Subsection (c) [commissioners court of Lubbock 
County]; and
		(3)  one director appointed by the South Plains 
Association of Governments. 
	(b)  Before the term of a director appointed under Subsection 
(a)(1) expires, the board, in consultation with the City of 
Lubbock, shall recommend to the governing body of the City of 
Lubbock a list of persons to serve on the succeeding board.  After 
reviewing the list of recommendations, the governing body of the 
City of Lubbock shall appoint four directors from the recommended 
persons or request that the board provide additional 
recommendations.
	(c)  Before the term of a director appointed under Subsection 
(a)(2) expires, the board shall appoint a person to succeed that 
director.
	(d)  The governing body of the City of Lubbock or the board, 
as appropriate, shall make recommendations and appointments to the 
board so that places on the board are occupied by persons with 
experience in:
		(1)  real estate;                                                      
		(2)  finance;                                                          
		(3)  manufacturing;                                                    
		(4)  agriculture; and                                                  
		(5)  general business.                                                 
	SECTION 2.  Subchapter C, Chapter 3501, Special District 
Local Laws Code, is amended by adding Sections 3501.105 and 
3501.106 to read as follows:
	Sec. 3501.105.  ADVISORY BOARDS.  The board may appoint 
advisory boards to assist the board in administering this chapter.
	Sec. 3501.106.  REVENUE BONDS.  The authority may issue for 
any authority purpose bonds or other obligations payable from any 
source of authority revenue.  The authority may issue a bond or 
other obligation in the form of a bond, note, certificate of 
participation or other instrument evidencing a proportionate 
interest in payments to be made by the authority, or other type of 
obligation.
	SECTION 3.  (a)  As used in this section, "director" means a 
member of the board of directors of the Lubbock Reese Redevelopment 
Authority.
	(b)  The changes in law made by this Act in the prohibitions 
or qualifications applying to directors do not affect the 
entitlement of a director serving on the board of directors 
immediately before the effective date of this Act to continue to 
serve and function as a director until September 30, 2005.  Those 
changes in law apply only to a director appointed under Section 
3501.051, Special District Local Laws Code, as amended by this Act.
	(c)  On September 30, 2005, all Lubbock Reese Redevelopment 
Authority board members' terms expire.
	(d)  Not later than September 30, 2005:                                        
		(1)  the governing body of the City of Lubbock shall 
appoint four directors under Section 3501.051, Special District 
Local Laws Code, as amended by this Act, to serve terms beginning 
October 1, 2005, with two directors' terms expiring September 30, 
2007, and two directors' terms expiring September 30, 2009;
		(2)  the board of directors of the Lubbock Reese 
Redevelopment Authority shall appoint two directors under Section 
3501.051, Special District Local Laws Code, as amended by this Act, 
to serve terms beginning October 1, 2005, with one director's term 
expiring September 30, 2007, and one director's term expiring 
September 30, 2009; and
		(3)  the South Plains Association of Governments shall 
appoint one director under Section 3501.051, Special District Local 
Laws Code, as amended by this Act, to serve a term beginning October 
1, 2005, and expiring September 30, 2009.
	SECTION 4.  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.



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