BILL ANALYSIS

 

 

Senate Research Center                                                                                                      S.B. 2174

81R5052 JD-F                                                                                                                    By: Harris

                                                                                                                      Economic Development

                                                                                                                                            4/17/2009

                                                                                                                                              As Filed

 

 

AUTHOR'S / SPONSOR'S STATEMENT OF INTENT

 

Currently a municipality can enter into contracts with local school districts to dedicate revenue from a tax increment fund to the district for the acquisition, construction, or reconstruction of an educational facility if that municipality has a population smaller than 120,000.

 

As a city's population grows, it can exceed this stated population limit (120,000) and thus inadvertently cease to qualify under that section of law to enter into contracts with local school districts to dedicate revenue from a tax increment fund to the district for the acquisition, construction, or reconstruction of an educational facility.

 

As proposed,  S.B. 2174 would change the population limit for municipalities authorized to dedicate revenue from a tax increment fund for the purpose of acquiring, constructing, or reconstructing an education facility.  S.B. 2174 would apply only to the City of Grand Prairie.

 

RULEMAKING AUTHORITY

 

This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.

 

SECTION BY SECTION ANALYSIS

 

SECTION 1.  Amends Section 311.0085(a), Tax Code, to provide that this section applies only to a municipality with a population of less than 130,000 as shown by the 2000 federal decennial census that has territory in three counties, rather than a municipality that has territory in three counties and a population of less than 120,000.

 

SECTION 2.  Effective date:  upon passage or September 1, 2009.