Texas 2013 - 83rd Regular

Texas House Bill HB3350 Compare Versions

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1	1	By: Rodriguez of Travis (Senate Sponsor - Watson) H.B. No. 3350
2	2	(In the Senate - Received from the House May 10, 2013;
3	3	May 10, 2013, read first time and referred to Committee on
4	4	Intergovernmental Relations; May 21, 2013, reported favorably by
5	5	the following vote: Yeas 3, Nays 0; May 21, 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 homestead preservation districts and reinvestment
12	12	zones.
13	13	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
14	14	SECTION 1. Section 373A.051(a), Local Government Code, is
15	15	amended to read as follows:
16	16	(a) To promote and expand the ownership and rental of
17	17	affordable housing and to prevent the involuntary loss of
18	18	homesteads by existing homeowners and renters living in the area,
19	19	the governing body of a municipality by ordinance may designate as a
20	20	homestead preservation district an area in the municipality that is
21	21	eligible under Section 373A.052.
22	22	SECTION 2. Section 373A.052(a), Local Government Code, is
23	23	amended to read as follows:
24	24	(a) To be designated as a district within a municipality
25	25	described by Section 373A.003(a) under this subchapter, an area
26	26	must be composed of census tracts forming a spatially compact area
27	27	[contiguous to a central business district and] with:
28	28	(1) fewer than 75,000 [25,000] residents;
29	29	(2) [fewer than 8,000 households;
30	30	[(3) a number of owner-occupied households that does
31	31	not exceed 50 percent of the total households in the area;
32	32	[(4) housing stock at least 55 percent of which was
33	33	built at least 45 years ago;
34	34	[(5) an unemployment rate that is greater than 10
35	35	percent;
36	36	[(6)] an overall poverty rate that is at least two
37	37	times the poverty rate for the entire municipality; and
38	38	(3) [(7)] in each census tract within the area, a
39	39	median family income that is less than 80 [60] percent of the median
40	40	family income for the entire municipality.
41	41	SECTION 3. Section 373A.152, Local Government Code, is
42	42	amended by adding Subsection (b) to read as follows:
43	43	(b) A county may participate in a homestead preservation
44	44	reinvestment zone established by a municipality under Subsection
45	45	(a) by adopting a final order:
46	46	(1) agreeing to the creation of the zone, the zone
47	47	boundaries, and the zone termination date specified by the
48	48	municipality under Section 373A.1521(1); and
49	49	(2) specifying an amount of tax increment to be
50	50	deposited by the county into the tax increment fund that is equal to
51	51	the amount of the tax increment specified by the municipality under
52	52	Section 373A.1521(3).
53	53	SECTION 4. Section 373A.1522, Local Government Code, is
54	54	amended to read as follows:
55	55	Sec. 373A.1522. EFFECTIVE DATE OF ZONE. The zone
56	56	designated by the ordinance adopted under Section 373A.1521 takes
57	57	effect on the date designated by the municipality in the ordinance
58	58	adopted under Section 373A.1521 [on which the county adopts a final
59	59	order:
60	60	[(1) agreeing to the creation of the zone, the zone
61	61	boundaries, and the zone termination date specified by the
62	62	municipality under Section 373A.1521(1); and
63	63	[(2) specifying an amount of tax increment to be
64	64	deposited by the county into the tax increment fund that is equal to
65	65	the amount of the tax increment specified by the municipality under
66	66	Section 373A.1521(3)].
67	67	SECTION 5. Section 373A.155(b), Local Government Code, is
68	68	amended to read as follows:
69	69	(b) If a county elects to participate in a homestead
70	70	preservation reinvestment zone, the [The] county shall pay into the
71	71	tax increment fund for the zone an amount equal to the tax increment
72	72	paid by the municipality as specified in the order adopted under
73	73	Section 373A.152 [373A.1522].
74	74	SECTION 6. Section 373A.158(a), Local Government Code, is
75	75	amended to read as follows:
76	76	(a) If a county elects to participate in a homestead
77	77	preservation reinvestment zone, the [The] county is the only taxing
78	78	unit entitled to receive the annual report prepared under Section
79	79	311.016(a), Tax Code.
80	80	SECTION 7. This Act takes effect September 1, 2013.
81	81	* * * * *