Amend CSHB 3983 (Senate committee report) between SECTION 3 
and SECTION 4 of the bill (page 2, between lines 8 and 9), by 
inserting the following new SECTIONS 4 and 5, and renumbering the 
following SECTION accordingly:
	SECTION 4.  Subsection (b), Section 311.010, Tax Code, is 
amended to read as follows:

	(b)  The board of directors of a reinvestment zone and the 
governing body of the municipality or county that creates a 
reinvestment zone may each enter into agreements as the board or the 
governing body considers necessary or convenient to implement the 
project plan and reinvestment zone financing plan and achieve their 
purposes.  An agreement may provide for the regulation or 
restriction of the use of land by imposing conditions, 
restrictions, or covenants that run with the land.  An agreement may 
during the term of the agreement dedicate, pledge, or otherwise 
provide for the use of revenue in the tax increment fund to pay any 
project costs that benefit the reinvestment zone, including project 
costs relating to the cost of buildings, schools, or other 
educational facilities owned by or on behalf of a school district, 
community college district, or other political subdivision of this 
state, railroad or transit facilities, affordable housing, the 
remediation of conditions that contaminate public or private land 
or buildings, the preservation of the facade of a private or public 
building, [or] the demolition of public or private buildings, or 
the construction of a road, sidewalk, or other public 
infrastructure in or out of the zone, including the cost of 
acquiring the real property necessary for the construction of the 
road, sidewalk, or other public infrastructure.  An agreement may 
dedicate revenue from the tax increment fund to pay the costs of 
providing affordable housing or areas of public assembly in or out 
of the zone.  [An agreement may dedicate revenue from the tax 
increment fund to pay a neighborhood enterprise association for 
providing services or carrying out projects authorized under 
Subchapters E and G, Chapter 2303, Government Code, in the zone.  
The term of an agreement with a neighborhood enterprise association 
may not exceed 10 years.]
	SECTION 5.  Subsection (g), Section 311.013, Tax Code, is 
amended to read as follows:
	(g)  Subject to the provisions of Section 311.0125, in lieu 
of permitting a portion of its tax increment to be paid into the tax 
increment fund, and notwithstanding the provisions of Section 
312.203, a taxing unit, including [other than] a municipality
[city], may elect to offer the owners of taxable real property in a 
reinvestment zone created under this chapter an exemption from 
taxation of all or part of the value of the property.  To be 
effective, an [Any] agreement to exempt real property [concerning 
an exemption] from ad valorem taxes under this subsection must be 
approved by:
		(1)  the board of directors of the reinvestment zone; 
and            
		(2)  the governing body of each taxing unit that 
imposes taxes on real property in the reinvestment zone and 
deposits or agrees to deposit any of its tax increment into the tax 
increment fund for the zone [shall be executed in the manner and 
subject to the limitations of Chapter 312; provided, however, the 
property covered by the agreement need not be in a zone created 
pursuant to Chapter 312.  A taxing unit may not offer a tax 
abatement agreement to property owners in the zone after it has 
entered into an agreement that its tax increments would be paid into 
the tax increment fund pursuant to Subsection (f)].