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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of the Baytown Municipal Development |
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District to use sales tax revenue to promote new or expanded |
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business development. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subtitle C, Title 4, Special District Local Laws |
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Code, is amended by adding Chapter 3888 to read as follows: |
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CHAPTER 3888. SALES TAX REVENUE AUTHORITY FOR BAYTOWN MUNICIPAL |
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DEVELOPMENT DISTRICT |
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Sec. 3888.101. DEFINITION. In this chapter, "district" |
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means the Baytown Municipal Development District. |
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Sec. 3888.102. SALES TAX REVENUE. Notwithstanding any |
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other law, the district may spend sales tax revenue on the land, |
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buildings, equipment, facilities, expenditures, targeted |
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infrastructure, and improvements the governing body of the district |
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finds will promote new or expanded business development in the |
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district. |
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SECTION 2. 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, 2009. |