82R5120 CLG-D
By: Button H.B. No. 3215
A BILL TO BE ENTITLED
AN ACT
relating to a limitation on use of corporate revenue by economic
development corporations.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter C, Chapter 504, Local Government
Code, is amended by adding Section 504.108 to read as follows:
Sec. 504.108. USE OF REVENUE TO RECRUIT OR RELOCATE
BUSINESS FROM NEIGHBORING MUNICIPALITY PROHIBITED. A Type A
corporation may not use corporate revenue for purposes of
recruiting or relocating to the corporation's authorizing
municipality a business from a municipality located in:
(1) the same county as the authorizing municipality;
or
(2) a county adjacent to the county in which the
authorizing municipality is located.
SECTION 2. Subchapter C, Chapter 505, Local Government
Code, is amended by adding Section 505.107 to read as follows:
Sec. 505.107. USE OF REVENUE TO RECRUIT OR RELOCATE
BUSINESS FROM NEIGHBORING MUNICIPALITY PROHIBITED. A Type B
corporation may not use corporate revenue for purposes of
recruiting or relocating to the corporation's authorizing
municipality a business from a municipality located in:
(1) the same county as the authorizing municipality;
or
(2) a county adjacent to the county in which the
authorizing municipality is located.
SECTION 3. 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, 2011.