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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 municipality to finance certain |
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venue projects with a short-term motor vehicle rental tax. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 334.1015(a), Local Government Code, is |
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amended to read as follows: |
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(a) Except as provided by Subsection (b), this subchapter |
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does not apply to the financing of a venue project that is an area or |
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facility that is part of: |
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(1) a municipal parks and recreation system; or |
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(2) a park that is: |
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(A) 200 acres or greater; |
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(B) a national historic landmark; and |
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(C) located in a municipality with a population |
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greater than 1.3 million and less than 1.4 million. |
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SECTION 2. The changes in law made by this Act do not affect |
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the validity of a bond, contractual obligation, or other obligation |
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for which revenue was pledged or committed under Subchapter E, |
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Chapter 334, Local Government Code, before the effective date of |
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this Act. Bonds, contractual obligations, or other obligations for |
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which revenue was pledged or committed before that date are |
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governed by the law in effect when the revenue was pledged or |
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committed, and that law is continued in effect for the purposes of |
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the validity of those bonds, contractual obligations, and other |
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obligations. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2025. |