Amend HB 2679 (senate committee report version) by adding the following new sections, appropriately numbered, and renumbering subsequent sections accordingly:
SECTION ____. Section 303.003(7), Local Government Code, is amended to read as follows:
(7) "Public facility" means any real, personal, or mixed property, or an interest in property devoted or to be devoted to public use, and authorized to be financed, refinanced, or provided by sponsor obligations or bonds issued under this chapter.
SECTION ____. Section 303.042, Local Government Code, is amended by adding Subsection (f) to read as follows:
(f) Notwithstanding Subsections (a) and (b), during the period of time that a corporation owns a particular public facility, a leasehold or other possessory interest in the real property of the public facility granted by the corporation shall be treated in the same manner as a leasehold or other possessory interest in real property granted by an authority under Section 379B.011(b).