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A BILL TO BE ENTITLED
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AN ACT
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relating to ownership restrictions on the holders of permits and |
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licenses authorizing the sale of alcoholic beverages. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 109, Alcoholic Beverage |
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Code, is amended by adding Section 109.5305 to read as follows: |
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Sec. 109.5305. OWNERSHIP OF PERMIT FOR A BUILDING OWNED BY A |
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MUNICIPALITY OR COUNTY. The provision of Section 109.53 or a rule |
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adopted by the commission prohibiting subterfuge ownership of a |
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license or permit or the premises covered by a license or permit |
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does not apply to a facility owned by a municipality or county that |
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is financed with public securities, the interest on which is exempt |
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from federal income taxation under the Internal Revenue Code of |
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1986, or a license or permit issued for a premises at that facility. |
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SECTION 2. This Act takes effect September 1, 2009. |