81R25394 NC-D
By: Corte H.B. No. 4130
Substitute the following for H.B. No. 4130:
By: Corte C.S.H.B. No. 4130
A BILL TO BE ENTITLED
AN ACT
relating municipal and county financing of the acquisition of
buffer areas or open spaces adjacent to a military installation for
certain purposes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 280, Local Government Code, is amended
by adding Section 280.005 to read as follows:
Sec. 280.005. ACQUISITION OF BUFFER AREA ADJACENT TO
MILITARY INSTALLATION AUTHORIZED. A municipality or county may
issue bonds or notes, including tax increment bonds or notes
authorized under Chapter 311, Tax Code, to finance the acquisition
of buffer areas or open spaces adjacent to a military installation
for the prevention of encroachment or for the construction of
roadways, utilities, or other infrastructure to protect or promote
the mission of the military installation.
SECTION 2. This Act takes effect December 1, 2009, but only
if the constitutional amendment proposed by the 81st Legislature,
Regular Session, 2009, authorizing the financing, including
through tax increment financing, of the acquisition by
municipalities and counties of buffer areas or open spaces adjacent
to a military installation for the prevention of encroachment or
for the construction of roadways, utilities, or other
infrastructure to protect or promote the mission of the military
installation is approved by the voters. If that amendment is not
approved, this Act has no effect.