BILL ANALYSIS Senate Research Center H.B. 447 82R2744 NAJ-F By: Menendez (Uresti) Veteran Affairs & Military Installations 4/25/2011 Engrossed
BILL ANALYSIS
Senate Research Center H.B. 447
82R2744 NAJ-F By: Menendez (Uresti)
Veteran Affairs & Military Installations
4/25/2011
Engrossed
Senate Research Center
H.B. 447
82R2744 NAJ-F
By: Menendez (Uresti)
Veteran Affairs & Military Installations
4/25/2011
Engrossed
AUTHOR'S / SPONSOR'S STATEMENT OF INTENT Current law governing a defense base development authority is unclear about whether a local authority can sell, lease, or otherwise engage in financial transactions relative to real estate or property owned or controlled by the authority. H.B. 447 clarifies existing statutes by detailing the specific actions that a defense base development authority may take regarding the authority's holdings. H.B. 447 amends current law relating to the powers of a defense base development authority. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 379B.004(a), Local Government Code, as follows: (a) Authorizes a defense base development authority (authority) to exercise power necessary or convenient to carry out a purpose of this chapter, including the power to charge for the use, lease, or sale of an open space or a facility, rather than charge for a facility or service. SECTION 2. Amends Chapter 379B, Local Government Code, by adding Section 379B.0042, as follows: Sec. 379B.0042. SERVICES. Authorizes an authority to charge for a service provided, including: (1) professional consultation services provided in relation to international trade, planning, land use, or construction; (2) real estate development services, including an employee licensed under Chapter 1101 (Real Estate Brokers and Salespersons), Occupations Code, acting as a broker; (3) support or participation in the acquisition of venture capital to finance the authority's redevelopment project, both inside and outside the authority; (4) participation in or assistance on a joint venture composed of both public and private entities; (5) promotion of an activity that creates employment opportunities; and (6) any other service provided in relation to a project undertaken by the authority, alone or with others, to fulfill an authority purpose or objective. SECTION 3. Effective date: September 1, 2011.
AUTHOR'S / SPONSOR'S STATEMENT OF INTENT
Current law governing a defense base development authority is unclear about whether a local authority can sell, lease, or otherwise engage in financial transactions relative to real estate or property owned or controlled by the authority. H.B. 447 clarifies existing statutes by detailing the specific actions that a defense base development authority may take regarding the authority's holdings.
H.B. 447 amends current law relating to the powers of a defense base development authority.
RULEMAKING AUTHORITY
This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 379B.004(a), Local Government Code, as follows:
(a) Authorizes a defense base development authority (authority) to exercise power necessary or convenient to carry out a purpose of this chapter, including the power to charge for the use, lease, or sale of an open space or a facility, rather than charge for a facility or service.
SECTION 2. Amends Chapter 379B, Local Government Code, by adding Section 379B.0042, as follows:
Sec. 379B.0042. SERVICES. Authorizes an authority to charge for a service provided, including:
(1) professional consultation services provided in relation to international trade, planning, land use, or construction;
(2) real estate development services, including an employee licensed under Chapter 1101 (Real Estate Brokers and Salespersons), Occupations Code, acting as a broker;
(3) support or participation in the acquisition of venture capital to finance the authority's redevelopment project, both inside and outside the authority;
(4) participation in or assistance on a joint venture composed of both public and private entities;
(5) promotion of an activity that creates employment opportunities; and
(6) any other service provided in relation to a project undertaken by the authority, alone or with others, to fulfill an authority purpose or objective.
SECTION 3. Effective date: September 1, 2011.