83R13141 DDT-D
By: Fallon H.B. No. 2641
A BILL TO BE ENTITLED
AN ACT
relating to the criteria for designation of an area as a
reinvestment zone for purposes of tax increment financing.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 311.005(a), Tax Code, is amended to read
as follows:
(a) To be designated as a reinvestment zone, an area must:
(1) substantially arrest or impair the sound growth of
the municipality or county designating the zone, retard the
provision of housing accommodations, or constitute an economic or
social liability and be a menace to the public health, safety,
morals, or welfare in its present condition and use because of the
presence of:
(A) a substantial number of substandard, slum,
deteriorated, or deteriorating structures;
(B) the predominance of defective or inadequate
sidewalk or street layout;
(C) faulty lot layout in relation to size,
adequacy, accessibility, or usefulness;
(D) unsanitary or unsafe conditions;
(E) the deterioration of site or other
improvements;
(F) tax or special assessment delinquency
exceeding the fair value of the land;
(G) defective or unusual conditions of title;
(H) conditions that endanger life or property by
fire or other cause; or
(I) structures, other than single-family
residential structures, less than 10 percent of the square footage
of which has been used for commercial, industrial, or residential
purposes during the preceding 12 years, if the municipality has a
population of 100,000 or more;
(2) be predominantly open or undeveloped and, because
of obsolete platting, deterioration of structures or site
improvements, or other factors, substantially impair or arrest the
sound growth of the municipality or county;
(3) be in a federally assisted new community located
in the municipality or county or in an area immediately adjacent to
a federally assisted new community; [or]
(4) be an area described in a petition requesting that
the area be designated as a reinvestment zone, if the petition is
submitted to the governing body of the municipality or county by the
owners of property constituting at least 50 percent of the
appraised value of the property in the area according to the most
recent certified appraisal roll for the county in which the area is
located; or
(5) be substantially undeveloped and be located in:
(A) a municipality with a population of less than
20,000; and
(B) a county with a population of more than
660,000 and less than 690,000 that borders a county with a
population of two million or more.
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.