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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of a defense base development authority |
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to participate in a company or partnership organized to finance |
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redevelopment projects. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 379B.004(a), Local Government Code, is |
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amended to read as follows: |
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(a) An authority may exercise power necessary or convenient |
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to carry out a purpose of this chapter, including the power to: |
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(1) adopt an official seal, or alter it; |
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(2) adopt rules; |
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(3) enter into a contract or incur a liability; |
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(4) acquire and dispose of money; |
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(5) select a depository; |
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(6) establish a system of accounts for the authority; |
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(7) invest funds in accordance with Chapter 2256, |
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Government Code; |
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(8) set the fiscal year for the authority; |
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(9) adopt an annual operating budget for major |
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expenditures before the beginning of the fiscal year; |
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(10) borrow money or issue a bond in an amount that |
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does not exceed the maximum amount set by the board; |
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(11) loan money; |
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(12) acquire, lease, lease-purchase, convey, grant a |
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mortgage on, or otherwise dispose of a property right, including a |
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right regarding base property; |
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(13) lease property located on the base property to a |
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person to effect the purposes of this chapter; |
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(14) request and accept a donation, grant, guaranty, |
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or loan from any source permitted by law; |
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(15) operate and maintain an office; |
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(16) charge for the use, lease, or sale of an open |
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space or a facility; |
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(17) exercise a power granted to a municipality by |
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Chapter 380; |
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(18) authorize by resolution the incorporation of a |
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nonprofit airport facility financing corporation as provided and |
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authorized by Subchapter E, Chapter 22, Transportation Code, to |
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provide financing to pay the costs, including interest, and |
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reserves for the costs of an airport facility authorized by that |
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chapter and for other purposes set forth in the articles of |
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incorporation; |
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(19) exercise the powers granted to a local government |
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for the financing of facilities to be located on airport property, |
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including those set out in Chapter 22, Transportation Code, |
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consistent with the requirements and the purposes of Section 52-a, |
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Article III, Texas Constitution; |
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(20) lease, own, and operate an airport and exercise |
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the powers granted to municipalities and counties by Chapter 22, |
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Transportation Code; |
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(21) lease, own, and operate port facilities for air, |
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trucking, and rail transportation; |
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(22) provide security for port functions, facilities, |
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and operations; [and] |
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(23) cooperate with and participate in programs and |
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security efforts of this state and the federal Department of |
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Homeland Security; and |
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(24) participate as a member or partner of a limited |
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liability company, a limited liability partnership, or other entity |
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organized to finance a project designated as a redevelopment |
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project under Section 379B.009. |
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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, 2017. |