Texas 2013 83rd Regular

Texas House Bill HB1290 Engrossed / Bill

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                    By: Phillips H.B. No. 1290


 A BILL TO BE ENTITLED
 AN ACT
 relating to the authority for local governments to jointly
 administer transportation reinvestment zones.
 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 SECTION 1.  Subchapter E, Chapter 222, Transportation Code,
 is amended by adding Section 222.111 to read as follows:
 Sec. 222.111.  JOINT ADMINISTRATION OF TRANSPORTATION
 REINVESTMENT ZONES. (a) The governing bodies of two or more local
 governments that have designated a transportation reinvestment
 zone under Section 222.106 or 222.107 for the same transportation
 project or projects may enter into an agreement to provide for the
 joint administration of the transportation reinvestment zones. The
 agreement may provide for:
 (1)  the establishment of a joint tax increment account
 for the transportation reinvestment zones;
 (2)  separate accounts for the maintenance of funds
 from a zone created under Section 222.106 and funds from a zone
 created under Section 222.107;
 (3)  the commitment of each participating entity to
 transfer the tax increment or assessment, or the portion thereof
 dedicated to a transportation project, to an account subject to the
 joint administration; and
 (4)  to the extent legally permitted, the pledge or
 assignment of the tax increment or assessment to an entity
 developing a transportation project or providing funding for a
 transportation project.
 (b)  Notwithstanding any other law, a local government may
 designate a transportation reinvestment zone for a transportation
 project located outside the local government's boundaries if:
 (1)  the local government finds that:
 (A)  the project will benefit the property and
 residents located in the zone; and
 (B)  the creation of the zone will serve a public
 purpose of the local government;
 (2)  a zone has been designated for the same project by
 one or more local governments in whose boundaries the project is
 located; and
 (3)  an agreement for joint administration of the
 designated zones is entered into under this section by:
 (A)  the local government whose boundaries do not
 contain the project; and
 (B)  one or more of the local governments that
 have designated a zone for the project and in whose boundaries the
 project is located.
 SECTION 2.  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, 2013.