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AN ACT
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relating to the authority of certain Type A economic development |
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corporations to undertake certain categories of projects. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 504, Local Government |
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Code, is amended by adding Section 504.171 to read as follows: |
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Sec. 504.171. AUTHORITY OF CERTAIN CORPORATIONS TO |
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UNDERTAKE TYPE B PROJECTS. (a) This section applies only to a Type |
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A corporation the creation of which was authorized by a |
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municipality: |
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(1) that has also authorized the creation of a Type B |
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corporation; and |
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(2) that has a population of 7,500 or less. |
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(b) Notwithstanding Section 504.152, if permitted by |
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ordinance of the authorizing municipality, a Type A corporation to |
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which this section applies may undertake any project that a Type B |
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corporation, the creation of which was authorized by the same |
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municipality, may undertake under Chapter 505. |
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(c) The governing body of an authorizing municipality may by |
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ordinance revoke any authority granted to a Type A corporation |
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under Subsection (b). A revocation under this subsection does not |
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affect the authority of a corporation to complete a project already |
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undertaken or the obligation to repay any debt incurred in |
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connection with a project under Subsection (b). |
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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, 2011. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 3302 was passed by the House on April |
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21, 2011, by the following vote: Yeas 148, Nays 0, 1 present, not |
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voting; that the House refused to concur in Senate amendments to |
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H.B. No. 3302 on May 21, 2011, and requested the appointment of a |
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conference committee to consider the differences between the two |
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houses; and that the House adopted the conference committee report |
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on H.B. No. 3302 on May 26, 2011, by the following vote: Yeas 144, |
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Nays 0, 1 present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 3302 was passed by the Senate, with |
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amendments, on May 18, 2011, by the following vote: Yeas 31, Nays |
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0; at the request of the House, the Senate appointed a conference |
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committee to consider the differences between the two houses; and |
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that the Senate adopted the conference committee report on H.B. No. |
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3302 on May 27, 2011, by the following vote: Yeas 31, Nays 0 |
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. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: __________________ |
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Date |
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__________________ |
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Governor |