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A BILL TO BE ENTITLED
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AN ACT
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relating to the powers of the Red River Redevelopment Authority; |
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providing authority to issue bonds. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 3503, Special District |
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Local Laws Code, is amended by adding Section 3503.1015 to read as |
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follows: |
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Sec. 3503.1015. ADDITIONAL POWERS OF OTHER ENTITIES; BONDS. |
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The authority may exercise the powers given to: |
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(1) the governing body of a "unit," as defined by |
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Section 2, Development Corporation Act of 1979 (Article 5190.6, |
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Vernon's Texas Civil Statutes), and may issue district bonds for a |
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purpose specified by that Act; |
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(2) an emergency services district under Chapter 775, |
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Health and Safety Code; or |
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(3) a rural or urban transit district under Chapter |
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458, Transportation Code. |
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SECTION 2. Subchapter C, Chapter 3503, Special District |
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Local Laws Code, is amended by adding Section 3503.108 to read as |
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follows: |
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Sec. 3503.108. LIMITATION ON USE OF EMINENT DOMAIN. Except |
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as provided by Section 3503.103, the authority may not exercise the |
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power of eminent domain. |
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SECTION 3. Subchapter D, Chapter 3503, Special District |
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Local Laws Code, is amended by adding Section 3503.155 to read as |
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follows: |
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Sec. 3503.155. NO TAXING POWER. The authority may not |
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impose a tax. |
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SECTION 4. Proof of publication of the constitutional |
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notice required to introduce this Act under Subsection (d), Section |
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59, Article XVI, Texas Constitution, has been furnished as provided |
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by that subsection. A copy of the notice and the Act as originally |
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introduced have been delivered to the governor as required by |
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Subsection (d), Section 59 of that article. The legislature finds |
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and declares that the notice and the delivery are proper and |
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sufficient to satisfy the constitutional requirements. |
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SECTION 5. 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. |