| 1 | 1 | | 84R7881 PAM-D |
|---|
| 2 | 2 | | By: RodrÃguez S.B. No. 583 |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | A BILL TO BE ENTITLED |
|---|
| 6 | 6 | | AN ACT |
|---|
| 7 | 7 | | relating to the conveyance of property by a municipality for the |
|---|
| 8 | 8 | | public purpose of economic development. |
|---|
| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 10 | 10 | | SECTION 1. Chapter 253, Local Government Code, is amended |
|---|
| 11 | 11 | | by adding Section 253.0125 to read as follows: |
|---|
| 12 | 12 | | Sec. 253.0125. CONVEYANCE OF PROPERTY FOR ECONOMIC |
|---|
| 13 | 13 | | DEVELOPMENT PURPOSES. (a) This section applies only to an entity |
|---|
| 14 | 14 | | and a municipality that have entered into an economic development |
|---|
| 15 | 15 | | agreement authorized by Chapter 380. |
|---|
| 16 | 16 | | (b) Notwithstanding Section 272.001(a) or other law, a |
|---|
| 17 | 17 | | municipality may transfer to an entity real property or an interest |
|---|
| 18 | 18 | | in real property for consideration described by this section. |
|---|
| 19 | 19 | | (c) Consideration for a transfer authorized by this section |
|---|
| 20 | 20 | | is in the form of an agreement between the parties that requires the |
|---|
| 21 | 21 | | entity to use the property in a manner that primarily promotes a |
|---|
| 22 | 22 | | public purpose of the municipality relating to economic |
|---|
| 23 | 23 | | development. The agreement must include provisions under which the |
|---|
| 24 | 24 | | municipality is granted sufficient control to ensure that the |
|---|
| 25 | 25 | | public purpose is accomplished and the municipality receives the |
|---|
| 26 | 26 | | return benefit. |
|---|
| 27 | 27 | | SECTION 2. This Act takes effect immediately if it receives |
|---|
| 28 | 28 | | a vote of two-thirds of all the members elected to each house, as |
|---|
| 29 | 29 | | provided by Section 39, Article III, Texas Constitution. If this |
|---|
| 30 | 30 | | Act does not receive the vote necessary for immediate effect, this |
|---|
| 31 | 31 | | Act takes effect September 1, 2015. |
|---|