This website will be unavailable from Friday, April 26, 2024 at 6:00 p.m. through Monday, April 29, 2024 at 7:00 a.m. due to data center maintenance.

  82R3700 JAM-D
 
  By: Rodriguez H.B. No. 990
 
 
 
 
A BILL TO BE ENTITLED
 
 
AN ACT
 
  relating to certain homestead preservation reinvestment zones.
         
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         
         SECTION 1.  Section 373A.1522, Local Government Code, is
 
  amended to read as follows:
         
         Sec. 373A.1522.  EFFECTIVE DATE OF ZONE.  The zone
 
  designated by the ordinance adopted under Section 373A.1521 takes
 
  effect on the date on which the county adopts a final order[:
               
               [(1)]  agreeing to the creation of the zone, the zone
 
  boundaries, and the zone termination date specified by the
 
  municipality under Section 373A.1521(1)[; and
               
               [(2)     specifying an amount of tax increment to be
 
  deposited by the county into the tax increment fund that is equal to
 
  the amount of the tax increment specified by the municipality under
 
  Section 373A.1521(3)].
         
         SECTION 2.  Section 373A.155(b), Local Government Code, is
 
  amended to read as follows:
         
         (b)  The county shall pay into the tax increment fund for the
 
  zone the same percentage of the tax increment produced by the county
 
  that [an amount equal to the tax increment paid by] the municipality
 
  pays into the fund [as specified in the order adopted under Section
 
  373A.1522].
         
         SECTION 3.  Subchapter D, Chapter 373A, Local Government
 
  Code, is amended by adding Section 373A.159 to read as follows:
         
         Sec. 373A.159.  COMPOSITION OF BOARD OF DIRECTORS OF
 
  HOMESTEAD PRESERVATION REINVESTMENT ZONES.  (a)  Notwithstanding
 
  Chapter 311, Tax Code, the board of directors of a homestead
 
  preservation reinvestment zone consists of at least 6 and not more
 
  than 16 members, unless more than 16 members are required to satisfy
 
  the requirements of this section.
         
         (b)  The municipality and county approving the payment of all
 
  or part of the tax increment into the tax increment fund each may
 
  appoint an equal number of members to the board.
         
         (c)  Members of the board are appointed for terms of two
 
  years unless longer terms are provided under Section 11, Article
 
  XI, Texas Constitution. Terms of members may be staggered.
         
         (d)  A vacancy on the board is filled for the unexpired term
 
  by appointment of the governing body of the taxing unit that
 
  appointed the director who served in the vacant position.
         
         (e)  To be eligible for appointment to the board, an
 
  individual must:
               
               (1)  be a qualified voter of the county; or
               
               (2)  be at least 18 years of age and own real property
 
  in the reinvestment zone or be an employee or agent of a person that
 
  owns real property in the zone.
         
         (f)  Each year the board of directors of a reinvestment zone
 
  shall elect one of its members to serve as presiding officer for a
 
  term of one year. The board of directors may elect an assistant
 
  presiding officer to preside in the absence of the presiding
 
  officer or when there is a vacancy in the office of presiding
 
  officer. The board may elect other officers as it considers
 
  appropriate.
         
         (g)  A member of the board of directors of a homestead
 
  preservation reinvestment zone:
               
               (1)  is not a public official by virtue of that
 
  position; and
               
               (2)  unless otherwise ineligible, may be appointed to
 
  serve concurrently on the board of directors of a local government
 
  corporation created under Subchapter D, Chapter 431,
 
  Transportation Code.
         
         (h)  The board of directors created in this section has the
 
  powers and duties prescribed by Sections 311.010 and 311.011, Tax
 
  Code.
         
         SECTION 4.  This Act takes effect September 1, 2011.