Amend HB 4781 (Senate committee printing) by adding the 
following appropriately numbered SECTIONS:
	SECTION ____.  Section 351.102, Tax Code, is amended by 
amending Subsection (b) and adding Subsection (b-1) to read as 
follows:
	(b)  An eligible central municipality or a municipality with 
a population of 173,000 or more that is located within two counties
may pledge the revenue derived from the tax imposed under this 
chapter from a hotel project that is owned by or located on land 
owned by the municipality or, in an eligible central municipality,
by a nonprofit corporation acting on behalf of an eligible central 
municipality, and that is located within 1,000 feet of a convention 
center facility owned by the municipality for the payment of bonds 
or other obligations issued or incurred to acquire, lease, 
construct, and equip the hotel and any facilities ancillary to the 
hotel, including shops and parking facilities.  For bonds or other 
obligations issued under this subsection, an eligible central 
municipality or a municipality with a population of 173,000 or more 
that is located within two counties may only pledge revenue or other 
assets of the hotel project benefiting from those bonds or other 
obligations.
	(b-1)  A municipality with a population of 173,000 or more 
that is located within two counties and is not an eligible central 
municipality may not pledge revenue under Subsection (b) in 
relation to a particular hotel project after the earlier of:
		(1)  the 20th anniversary of the date the municipality 
first pledged the revenue to the hotel project; or
		(2)  the date the revenue pledged to the hotel project 
equals 40 percent of the hotel project's total construction cost.
	SECTION ____.  Subsection (b), Section 1504.001, Government 
Code, is amended to read as follows:
	(b)  An eligible central municipality, as defined by Section 
351.001, Tax Code, or a municipality with a population of 173,000 or 
more that is located within two counties may establish, acquire, 
lease as lessee or lessor, construct, improve, enlarge, equip, 
repair, operate, or maintain a hotel, and any facilities ancillary 
to the hotel, including shops and parking facilities, that are 
owned by or located on land owned by the municipality or by a 
nonprofit corporation acting on behalf of the municipality, and 
that is located within 1,000 feet of a convention center facility 
owned by the municipality.

	SECTION ____.  Subsection (b), Section 1504.002, Government 
Code, is amended to read as follows:
	(b)  An eligible central municipality, as defined by Section 
351.001, Tax Code, or a municipality with a population of 173,000 or 
more that is located within two counties by ordinance may issue 
bonds or incur other obligations to acquire, lease, construct, or 
equip a facility described by Section 1504.001(b).