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By: Taylor |
S.B. No. 2072 |
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(In the Senate - Filed March 7, 2019; March 21, 2019, read |
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first time and referred to Committee on Intergovernmental |
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Relations; April 26, 2019, reported adversely, with favorable |
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Committee Substitute by the following vote: Yeas 6, Nays 1; |
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April 26, 2019, sent to printer.) |
Click here to see the committee vote |
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COMMITTEE SUBSTITUTE FOR S.B. No. 2072 |
By: Alvarado |
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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 development corporation created by |
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the Gulf Coast Authority to finance certain projects. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 3.01, Chapter 409, Acts of the 61st |
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Legislature, Regular Session, 1969, is amended by adding Subsection |
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(g) to read as follows: |
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(g) A development corporation created by the authority |
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under Chapter 501, Local Government Code, may finance: |
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(1) projects described by Subchapter C, Chapter 501, |
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Local Government Code, located inside or outside this state; and |
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(2) qualified improvements as defined by Section |
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399.002, Local Government Code, located inside or outside this |
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state in the same manner and to the same extent as a municipality or |
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county may do so under Chapter 399 of that code. |
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SECTION 2. This Act takes effect September 1, 2019. |
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