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AN ACT
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relating to use of sales and use tax proceeds by economic |
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development corporations in connection with housing facilities for |
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certain institutions of higher education. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 501, Local Government |
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Code, is amended by adding Section 501.163 to read as follows: |
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Sec. 501.163. USE OF TAX REVENUE FOR HOUSING FACILITIES FOR |
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PUBLIC STATE COLLEGES. (a) In this section: |
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(1) "Housing facility" has the meaning assigned by |
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Section 53.02, Education Code. |
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(2) "Public state college" has the meaning assigned by |
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Section 61.003, Education Code. |
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(b) A corporation may spend tax revenue received under this |
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subtitle for expenditures that are for the development or |
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construction of housing facilities on or adjacent to the campus of a |
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public state college. |
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(c) This section expires September 1, 2017. |
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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. |
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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. 2473 was passed by the House on May 4, |
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2013, by the following vote: Yeas 70, Nays 69, 3 present, not |
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voting; and that the House concurred in Senate amendments to H.B. |
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No. 2473 on May 21, 2013, by the following vote: Yeas 112, Nays 34, |
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3 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. 2473 was passed by the Senate, with |
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amendments, on May 17, 2013, by the following vote: Yeas 26, Nays |
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5. |
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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 |