87R10068 RDS-F
 
  By: Stephenson, Jetton, Reynolds H.B. No. 3097
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to entitlement of certain municipalities to receive tax
  revenue from certain establishments located near a hotel and
  convention center project.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 351.157, Tax Code, is amended by
  amending Subsection (e) and adding Subsection (f) to read as
  follows:
         (e)  A municipality to which this section applies is not
  entitled to receive revenue under Subsection (d) unless the
  municipality commences a qualified project under this subchapter
  before September 1, 2025 [2023].
         (f)  For purposes of Subsection (e), a municipality
  commences a qualified project on the date the municipality, by
  ordinance or resolution:
               (1)  authorizes the issuance of bonds or other
  obligations related to the qualified project; or
               (2)  executes or amends:
                     (A)  a contract authorized by Chapter 380, Local
  Government Code, related to the qualified project; or
                     (B)  an interlocal agreement related to the
  qualified project.
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2021.