Texas 2013 - 83rd Regular

Texas House Bill HB2641 Compare Versions

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11 83R13141 DDT-D
22 By: Fallon H.B. No. 2641
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55 A BILL TO BE ENTITLED
66 AN ACT
77 relating to the criteria for designation of an area as a
88 reinvestment zone for purposes of tax increment financing.
99 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1010 SECTION 1. Section 311.005(a), Tax Code, is amended to read
1111 as follows:
1212 (a) To be designated as a reinvestment zone, an area must:
1313 (1) substantially arrest or impair the sound growth of
1414 the municipality or county designating the zone, retard the
1515 provision of housing accommodations, or constitute an economic or
1616 social liability and be a menace to the public health, safety,
1717 morals, or welfare in its present condition and use because of the
1818 presence of:
1919 (A) a substantial number of substandard, slum,
2020 deteriorated, or deteriorating structures;
2121 (B) the predominance of defective or inadequate
2222 sidewalk or street layout;
2323 (C) faulty lot layout in relation to size,
2424 adequacy, accessibility, or usefulness;
2525 (D) unsanitary or unsafe conditions;
2626 (E) the deterioration of site or other
2727 improvements;
2828 (F) tax or special assessment delinquency
2929 exceeding the fair value of the land;
3030 (G) defective or unusual conditions of title;
3131 (H) conditions that endanger life or property by
3232 fire or other cause; or
3333 (I) structures, other than single-family
3434 residential structures, less than 10 percent of the square footage
3535 of which has been used for commercial, industrial, or residential
3636 purposes during the preceding 12 years, if the municipality has a
3737 population of 100,000 or more;
3838 (2) be predominantly open or undeveloped and, because
3939 of obsolete platting, deterioration of structures or site
4040 improvements, or other factors, substantially impair or arrest the
4141 sound growth of the municipality or county;
4242 (3) be in a federally assisted new community located
4343 in the municipality or county or in an area immediately adjacent to
4444 a federally assisted new community; [or]
4545 (4) be an area described in a petition requesting that
4646 the area be designated as a reinvestment zone, if the petition is
4747 submitted to the governing body of the municipality or county by the
4848 owners of property constituting at least 50 percent of the
4949 appraised value of the property in the area according to the most
5050 recent certified appraisal roll for the county in which the area is
5151 located; or
5252 (5) be substantially undeveloped and be located in:
5353 (A) a municipality with a population of less than
5454 20,000; and
5555 (B) a county with a population of more than
5656 660,000 and less than 690,000 that borders a county with a
5757 population of two million or more.
5858 SECTION 2. This Act takes effect immediately if it receives
5959 a vote of two-thirds of all the members elected to each house, as
6060 provided by Section 39, Article III, Texas Constitution. If this
6161 Act does not receive the vote necessary for immediate effect, this
6262 Act takes effect September 1, 2013.