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A BILL TO BE ENTITLED
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AN ACT
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relating to posting certain economic development agreements on the |
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Internet. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subtitle C, Title 12, Local Government Code, is |
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amended by adding Chapter 500 to read as follows: |
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CHAPTER 500. MISCELLANEOUS PLANNING AND DEVELOPMENT PROVISIONS |
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AFFECTING MORE THAN ONE TYPE OF LOCAL GOVERNMENT |
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Sec. 500.001. ECONOMIC DEVELOPMENT AGREEMENTS POSTED ON |
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INTERNET. (a) In this section: |
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(1) "Economic development agreement" means an |
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agreement entered into between a political subdivision and a person |
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to promote state or local economic development and stimulate |
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business and commercial activity, including an agreement that |
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provides financial or other incentives to a business to locate, |
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stay, or expand its operations in or near the political |
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subdivision. |
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(2) "Political subdivision" means a county, |
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municipality, school district, junior college district, other |
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special district, or other subdivision of state government. |
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(b) A political subdivision that maintains an Internet |
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website must post on the website each economic development |
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agreement that the political subdivision enters into. The political |
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subdivision must post each agreement continuously from the date the |
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agreement is executed until the date the agreement expires. |
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SECTION 2. Notwithstanding Section 500.001, Local |
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Government Code, as added by this Act, a political subdivision must |
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post each economic development agreement as defined by that section |
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that is in effect on the effective date of this Act not later than |
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December 1, 2015. |
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SECTION 3. This Act takes effect September 1, 2015. |