By: Menéndez, Zaffirini S.B. No. 2220
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the authority of certain municipalities and local
  government corporations to use certain tax revenue for certain
  qualified projects.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 351.1015(a)(5), Tax Code, is amended to
  read as follows:
               (5)  "Qualified project" means:
                     (A)  a convention center facility or venue and any
  related infrastructure; or
                     (B)  a multipurpose arena or venue that includes a
  livestock facility and is located within or adjacent to a
  recognized cultural district, and any related infrastructure, that
  is:
                           (i)  located on land owned by a municipality
  or by the owner of the venue;
                           (ii)  partially financed by private
  contributions that equal not less than 40 percent of the project
  costs; and
                           (iii)  related to the promotion of tourism
  and the convention and hotel industry.
         SECTION 2.  Section 351.1015, Tax Code, is amended by
  amending Subsection (b) and adding Subsection (j) to read as
  follows:
         (b)  This section applies only to a qualified project located
  in:
               (1)  a municipality with a population of at least
  650,000 but less than 750,000 according to the most recent federal
  decennial census; or
               (2)  a municipality that contains more than 70 percent
  of the population of a county with a population of 1.5 million or
  more.
         (j)  A local government corporation may act as a municipality
  under this section and is considered to be a municipality for
  purposes of this section.
         SECTION 3.  This Act takes effect September 1, 2023.