By: Deshotel (Senate Sponsor - Williams) H.B. No. 1966
(In the Senate - Received from the House May 10, 2013;
May 10, 2013, read first time and referred to Committee on Economic
Development; May 17, 2013, reported favorably by the following
vote: Yeas 5, Nays 0; May 17, 2013, sent to printer.)
A BILL TO BE ENTITLED
AN ACT
relating to a project that may be undertaken by certain development
corporations in connection with infrastructure improvements
necessary for municipal area development and revitalization.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter C, Chapter 501, Local Government
Code, is amended by adding Section 501.108 to read as follows:
Sec. 501.108. INFRASTRUCTURE IMPROVEMENT PROJECTS BY
CORPORATIONS AUTHORIZED BY CERTAIN COASTAL MUNICIPALITIES. (a)
This section applies only to a corporation the creation of which was
authorized by a municipality that:
(1) has a population of 10,000 or more;
(2) is located in a county bordering the Gulf of Mexico
or the Gulf Intracoastal Waterway; and
(3) has, or is included in a metropolitan statistical
area of this state that has, an unemployment rate that averaged at
least two percent above the state average for the most recent two
consecutive years for which statistics are available.
(b) For a corporation to which this section applies,
"project" includes expenditures found by the board of directors to
be required or suitable for infrastructure improvements necessary
to develop and revitalize areas in the corporation's authorizing
municipality, including:
(1) streets and roads, rail spurs, water and sewer
utilities, electric utilities, gas utilities, drainage, site
improvements, and related improvements;
(2) telecommunications, data, or Internet
improvements; or
(3) facilities designed to remediate, mitigate, or
control erosion, including coastal erosion along the Gulf of Mexico
or the Gulf Intracoastal Waterway.
(c) This section expires September 1, 2017.
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.
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