85R2310 PAM-D
 
  By: Rodríguez S.B. No. 438
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the conveyance of property by a municipality for the
  public purpose of economic development.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Chapter 253, Local Government Code, is amended
  by adding Section 253.0125 to read as follows:
         Sec. 253.0125.  CONVEYANCE OF PROPERTY FOR ECONOMIC
  DEVELOPMENT PURPOSES. (a) This section applies only to an entity
  and a municipality that have entered into an economic development
  agreement authorized by Chapter 380.
         (b)  Notwithstanding Section 272.001(a) or other law, a
  municipality may transfer to an entity real property or an interest
  in real property for consideration described by this section.
         (c)  Consideration for a transfer authorized by this section
  is in the form of an agreement between the parties that requires the
  entity to use the property in a manner that primarily promotes a
  public purpose of the municipality relating to economic
  development. The agreement must include provisions under which the
  municipality is granted sufficient control to ensure that the
  public purpose is accomplished and the municipality receives the
  return benefit.
         (d)  Before making a transfer under an agreement as provided
  by this section, the municipality shall provide notice to the
  general public published in a newspaper of general circulation in
  the county in which the property is located or, if there is no such
  newspaper, in an adjoining county. The notice must:
               (1)  include a description of the real property,
  including its location; and
               (2)  be published on two separate days within 10 days
  before the date the property or an interest in the property is
  transferred.
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2017.