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A BILL TO BE ENTITLED
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AN ACT
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relating to a project that may be undertaken by certain development |
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corporations in connection with infrastructure improvements |
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necessary for municipal area development and revitalization. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 501, Local Government |
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Code, is amended by adding Section 501.108 to read as follows: |
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Sec. 501.108. INFRASTRUCTURE IMPROVEMENT PROJECTS BY |
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CORPORATIONS AUTHORIZED BY CERTAIN COASTAL MUNICIPALITIES. (a) |
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This section applies only to a corporation the creation of which was |
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authorized by a municipality that: |
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(1) has a population of 10,000 or more; |
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(2) is located in a county bordering the Gulf of Mexico |
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or the Gulf Intracoastal Waterway; and |
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(3) has, or is included in a metropolitan statistical |
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area of this state that has, an unemployment rate that averaged at |
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least two percent above the state average for the most recent two |
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consecutive years for which statistics are available. |
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(b) For a corporation to which this section applies, |
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"project" includes expenditures found by the board of directors to |
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be required or suitable for infrastructure improvements necessary |
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to develop and revitalize areas in the corporation's authorizing |
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municipality, including: |
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(1) streets and roads, rail spurs, water and sewer |
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utilities, electric utilities, gas utilities, drainage, site |
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improvements, and related improvements; |
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(2) telecommunications, data, or Internet |
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improvements; or |
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(3) facilities designed to remediate, mitigate, or |
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control erosion, including coastal erosion along the Gulf of Mexico |
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or the Gulf Intracoastal Waterway. |
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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, 2013. |