Amend SB 132 by adding the following appropriately numbered SECTION to the bill and renumbering subsequent SECTIONS of the bill accordingly:
SECTION ____. Section 377.072(c), Local Government Code, is amended to read as follows:
(c) Except as provided by Subsections (d) and (e), the district may use money in the development project fund only to:
(1) pay the costs of planning, acquiring, establishing, developing, constructing, or renovating one or more development projects located:
(A) in the district; or
(B) outside the district, if:
(i) the project is located in the extraterritorial jurisdiction of the municipality that created the district;
(ii) the project is a development project as that term is defined by Section 377.001(3)(A);
(iii) the board determines that the development project will provide an economic benefit to the district; and
(iv) the following entities, as applicable, by resolution approve the development project:
(a) the municipality that created the district; and
(b) each municipality in whose extraterritorial jurisdiction the project is located;
(2) pay the principal of, interest on, and other costs relating to bonds or other obligations issued by the district or to refund bonds or other obligations; or
(3) pay the costs of operating or maintaining one or more development projects during the planning, acquisition, establishment, development, construction, or renovation or while bonds or other obligations for the planning, acquisition, establishment, development, construction, or renovation are outstanding.