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A BILL TO BE ENTITLED
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AN ACT
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relating to an election on the use of tax revenue for a sports or |
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community venue project. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 334, Local Government |
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Code, is amended by adding Section 334.0242 to read as follows: |
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Sec. 334.0242. ELECTION ON USE OF TAXES TO IMPROVE OR |
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MAINTAIN VENUE PROJECT. (a) If one or more methods of financing |
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have been approved at an election held under Section 334.024, the |
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governing body of the municipality or county imposing the method |
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may order an election on the question of approving the use of |
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revenue derived from one or more approved methods to finance a |
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related venue project. |
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(b) The ballot at the election held under this section must |
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be printed to permit voting for or against the proposition: |
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"Authorizing __________ (insert name of municipality or |
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county) to use an amount not to exceed __________ (insert |
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percentage of tax revenue or dollar amount of revenue to be used for |
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each type of tax) of the revenue derived from the __________ (insert |
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each type of tax) tax, to finance the __________ (describe the |
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related venue project and its relation to the previously approved |
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venue project)." |
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(c) If a majority of the votes cast at an election held under |
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this section approve the proposition, the municipality or county |
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may use the revenue to finance the related venue project described |
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in the proposition. |
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(d) At an election held under this section, the municipality |
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or county may not change the rate of the tax or the method of |
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financing previously authorized under Section 334.024. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |