| 1 | 1 | | By: Dutton (Senate Sponsor - Ellis) H.B. No. 2139 |
|---|
| 2 | 2 | | (In the Senate - Received from the House May 14, 2013; |
|---|
| 3 | 3 | | May 14, 2013, read first time and referred to Committee on |
|---|
| 4 | 4 | | Intergovernmental Relations; May 17, 2013, reported favorably by |
|---|
| 5 | 5 | | the following vote: Yeas 3, Nays 0; May 17, 2013, sent to |
|---|
| 6 | 6 | | printer.) |
|---|
| 7 | 7 | | |
|---|
| 8 | 8 | | |
|---|
| 9 | 9 | | A BILL TO BE ENTITLED |
|---|
| 10 | 10 | | AN ACT |
|---|
| 11 | 11 | | relating to the authority of the Near Northside Management District |
|---|
| 12 | 12 | | to undertake tax increment financing. |
|---|
| 13 | 13 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 14 | 14 | | SECTION 1. Subchapter D, Chapter 3905, Special District |
|---|
| 15 | 15 | | Local Laws Code, is amended by adding Section 3905.155 to read as |
|---|
| 16 | 16 | | follows: |
|---|
| 17 | 17 | | Sec. 3905.155. TAX INCREMENT FINANCING POWERS. (a) The |
|---|
| 18 | 18 | | district may designate all or any part of the district as a tax |
|---|
| 19 | 19 | | increment reinvestment zone. The district may use tax increment |
|---|
| 20 | 20 | | financing under Chapter 311, Tax Code, in the manner provided by |
|---|
| 21 | 21 | | that chapter for a municipality, except as modified by this |
|---|
| 22 | 22 | | section. |
|---|
| 23 | 23 | | (b) The district has all powers provided under Chapter 311, |
|---|
| 24 | 24 | | Tax Code. |
|---|
| 25 | 25 | | (c) The district and an overlapping taxing unit may enter |
|---|
| 26 | 26 | | into an interlocal agreement for the payment of all or a portion of |
|---|
| 27 | 27 | | the tax increment of the unit to the district. |
|---|
| 28 | 28 | | (d) For the purpose of tax increment financing under this |
|---|
| 29 | 29 | | section, the board functions as the board of directors of the |
|---|
| 30 | 30 | | reinvestment zone. Section 311.009, Tax Code, does not apply to the |
|---|
| 31 | 31 | | district. |
|---|
| 32 | 32 | | SECTION 2. (a) The legal notice of the intention to |
|---|
| 33 | 33 | | introduce this Act, setting forth the general substance of this |
|---|
| 34 | 34 | | Act, has been published as provided by law, and the notice and a |
|---|
| 35 | 35 | | copy of this Act have been furnished to all persons, agencies, |
|---|
| 36 | 36 | | officials, or entities to which they are required to be furnished |
|---|
| 37 | 37 | | under Section 59, Article XVI, Texas Constitution, and Chapter 313, |
|---|
| 38 | 38 | | Government Code. |
|---|
| 39 | 39 | | (b) The governor, one of the required recipients, has |
|---|
| 40 | 40 | | submitted the notice and Act to the Texas Commission on |
|---|
| 41 | 41 | | Environmental Quality. |
|---|
| 42 | 42 | | (c) The Texas Commission on Environmental Quality has filed |
|---|
| 43 | 43 | | its recommendations relating to this Act with the governor, the |
|---|
| 44 | 44 | | lieutenant governor, and the speaker of the house of |
|---|
| 45 | 45 | | representatives within the required time. |
|---|
| 46 | 46 | | (d) All requirements of the constitution and laws of this |
|---|
| 47 | 47 | | state and the rules and procedures of the legislature with respect |
|---|
| 48 | 48 | | to the notice, introduction, and passage of this Act are fulfilled |
|---|
| 49 | 49 | | and accomplished. |
|---|
| 50 | 50 | | SECTION 3. This Act takes effect immediately if it receives |
|---|
| 51 | 51 | | a vote of two-thirds of all the members elected to each house, as |
|---|
| 52 | 52 | | provided by Section 39, Article III, Texas Constitution. If this |
|---|
| 53 | 53 | | Act does not receive the vote necessary for immediate effect, this |
|---|
| 54 | 54 | | Act takes effect September 1, 2013. |
|---|
| 55 | 55 | | * * * * * |
|---|