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A BILL TO BE ENTITLED
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AN ACT
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relating to the facilities that may be financed by a public |
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facilities corporation. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 303.003(7), Local Government Code, is |
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amended to read as follows: |
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(7) "Public facility" means any real, personal, or |
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mixed property, or an interest in property devoted or to be devoted |
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to public use, and authorized to be financed, refinanced, or |
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provided by sponsor obligations or bonds issued under this chapter. |
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The term includes a grocery store or an early learning center |
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located in an economically disadvantaged census tract as defined by |
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Section 783.009(b), Government Code. |
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SECTION 2. This Act takes effect September 1, 2019. |