By: Dutton (Senate Sponsor - Ellis) H.B. No. 2139
(In the Senate - Received from the House May 14, 2013;
May 14, 2013, read first time and referred to Committee on
Intergovernmental Relations; May 17, 2013, reported favorably by
the following vote: Yeas 3, Nays 0; May 17, 2013, sent to
printer.)
A BILL TO BE ENTITLED
AN ACT
relating to the authority of the Near Northside Management District
to undertake tax increment financing.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter D, Chapter 3905, Special District
Local Laws Code, is amended by adding Section 3905.155 to read as
follows:
Sec. 3905.155. TAX INCREMENT FINANCING POWERS. (a) The
district may designate all or any part of the district as a tax
increment reinvestment zone. The district may use tax increment
financing under Chapter 311, Tax Code, in the manner provided by
that chapter for a municipality, except as modified by this
section.
(b) The district has all powers provided under Chapter 311,
Tax Code.
(c) The district and an overlapping taxing unit may enter
into an interlocal agreement for the payment of all or a portion of
the tax increment of the unit to the district.
(d) For the purpose of tax increment financing under this
section, the board functions as the board of directors of the
reinvestment zone. Section 311.009, Tax Code, does not apply to the
district.
SECTION 2. (a) The legal notice of the intention to
introduce this Act, setting forth the general substance of this
Act, has been published as provided by law, and the notice and a
copy of this Act have been furnished to all persons, agencies,
officials, or entities to which they are required to be furnished
under Section 59, Article XVI, Texas Constitution, and Chapter 313,
Government Code.
(b) The governor, one of the required recipients, has
submitted the notice and Act to the Texas Commission on
Environmental Quality.
(c) The Texas Commission on Environmental Quality has filed
its recommendations relating to this Act with the governor, the
lieutenant governor, and the speaker of the house of
representatives within the required time.
(d) All requirements of the constitution and laws of this
state and the rules and procedures of the legislature with respect
to the notice, introduction, and passage of this Act are fulfilled
and accomplished.
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, 2013.
* * * * *