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A BILL TO BE ENTITLED
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AN ACT
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relating to the Property Redevelopment and Tax Abatement Act. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 312.006, Tax Code, is amended to read as |
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follows: |
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Sec. 312.006. EXPIRATION DATE. If not continued in effect, |
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this chapter expires September 1, 2029 [2019]. |
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SECTION 2. Section 312.207, Tax Code, is amended by adding |
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Subsections (c) and (d) to read as follows: |
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(c) In addition to any other requirement of law, the public |
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notice of a meeting at which the governing body of a municipality |
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will consider the approval of a tax abatement agreement with a |
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property owner must contain: |
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(1) the name of the property owner; |
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(2) the name and location of the reinvestment zone in |
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which the property subject to the agreement is located; |
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(3) a general description of the nature of the |
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improvements or repairs included in the agreement; |
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(4) the estimated cost of the improvements or repairs; |
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(5) the estimated date the improvements or repairs |
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will begin; |
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(6) the estimated date the improvements or repairs |
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will be completed; and |
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(7) if the improvements or repairs are necessary for |
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the operation of a business on the property, the estimated date |
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operations will begin. |
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(d) The notice of a meeting required by this section must be |
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given in the manner required by Chapter 551, Government Code, |
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except that the notice must be provided at least 120 hours before |
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the scheduled time of the meeting. |
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SECTION 3. Subchapter C, Chapter 312, Tax Code, is amended |
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by adding Section 312.404 to read as follows: |
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Sec. 312.404. APPROVAL BY COMMISSIONERS COURT. To be |
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effective, an agreement made under this subchapter must be approved |
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by the commissioners court in the manner that the governing body of |
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a municipality authorizes an agreement under Section 312.207. |
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SECTION 4. The changes in law made by this Act apply only to |
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a tax abatement agreement entered into on or after the effective |
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date of this Act. A tax abatement agreement entered into before the |
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effective date of this Act is governed by the law in effect when the |
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agreement was entered into, and that law is continued in effect for |
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that purpose. |
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SECTION 5. This Act takes effect September 1, 2019. |