83R2311 ATP-F By: J. Davis of Harris, Oliveira, Craddick, H.B. No. 545 Anderson A BILL TO BE ENTITLED AN ACT relating to the authority of a municipality to authorize the creation of a spaceport development corporation. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 507.003, Local Government Code, is amended to read as follows: Sec. 507.003. AUTHORITY TO CREATE CORPORATION BY ELIGIBLE ENTITIES. The following entities are eligible to authorize the creation under this subtitle of a spaceport development corporation: (1) a county; (2) a municipality; or (3) [(2)] a combination of one or more municipalities and one or more counties. SECTION 2. Section 507.051(b), Local Government Code, is amended to read as follows: (b) If a single political subdivision [county] authorizes the creation of a spaceport development corporation, the governing body of the political subdivision [commissioners court of the county] shall appoint the directors of the corporation. If more than one political subdivision authorizes the creation of a spaceport development corporation, the governing bodies of the political subdivisions shall appoint the directors through written agreement between the governing bodies. 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.