Texas 2017 - 85th Regular

Texas Senate Bill SB1855 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		By: Uresti S.B. No. 1855
	2	+	(In the Senate - Filed March 10, 2017; March 23, 2017, read
	3	+	first time and referred to Committee on Veteran Affairs & Border
	4	+	Security; April 24, 2017, reported favorably by the following
	5	+	vote: Yeas 6, Nays 0; April 24, 2017, sent to printer.)
	6	+	Click here to see the committee vote
2	7
3	8
4	9		A BILL TO BE ENTITLED
5	10		AN ACT
6	11		relating to the authority of a defense base development authority
7	12		to participate in a company or partnership organized to finance
8	13		redevelopment projects.
9	14		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	15		SECTION 1. Section 379B.004(a), Local Government Code, is
11	16		amended to read as follows:
12	17		(a) An authority may exercise power necessary or convenient
13	18		to carry out a purpose of this chapter, including the power to:
14	19		(1) adopt an official seal, or alter it;
15	20		(2) adopt rules;
16	21		(3) enter into a contract or incur a liability;
17	22		(4) acquire and dispose of money;
18	23		(5) select a depository;
19	24		(6) establish a system of accounts for the authority;
20	25		(7) invest funds in accordance with Chapter 2256,
21	26		Government Code;
22	27		(8) set the fiscal year for the authority;
23	28		(9) adopt an annual operating budget for major
24	29		expenditures before the beginning of the fiscal year;
25	30		(10) borrow money or issue a bond in an amount that
26	31		does not exceed the maximum amount set by the board;
27	32		(11) loan money;
28	33		(12) acquire, lease, lease-purchase, convey, grant a
29	34		mortgage on, or otherwise dispose of a property right, including a
30	35		right regarding base property;
31	36		(13) lease property located on the base property to a
32	37		person to effect the purposes of this chapter;
33	38		(14) request and accept a donation, grant, guaranty,
34	39		or loan from any source permitted by law;
35	40		(15) operate and maintain an office;
36	41		(16) charge for the use, lease, or sale of an open
37	42		space or a facility;
38	43		(17) exercise a power granted to a municipality by
39	44		Chapter 380;
40	45		(18) authorize by resolution the incorporation of a
41	46		nonprofit airport facility financing corporation as provided and
42	47		authorized by Subchapter E, Chapter 22, Transportation Code, to
43	48		provide financing to pay the costs, including interest, and
44	49		reserves for the costs of an airport facility authorized by that
45	50		chapter and for other purposes set forth in the articles of
46	51		incorporation;
47	52		(19) exercise the powers granted to a local government
48	53		for the financing of facilities to be located on airport property,
49	54		including those set out in Chapter 22, Transportation Code,
50	55		consistent with the requirements and the purposes of Section 52-a,
51	56		Article III, Texas Constitution;
52	57		(20) lease, own, and operate an airport and exercise
53	58		the powers granted to municipalities and counties by Chapter 22,
54	59		Transportation Code;
55	60		(21) lease, own, and operate port facilities for air,
56	61		trucking, and rail transportation;
57	62		(22) provide security for port functions, facilities,
58	63		and operations; [and]
59	64		(23) cooperate with and participate in programs and
60	65		security efforts of this state and the federal Department of
61	66		Homeland Security; and
62	67		(24) participate as a member or partner of a limited
63	68		liability company, a limited liability partnership, or other entity
64	69		organized to finance a project designated as a redevelopment
65	70		project under Section 379B.009.
66	71		SECTION 2. This Act takes effect immediately if it receives
67	72		a vote of two-thirds of all the members elected to each house, as
68	73		provided by Section 39, Article III, Texas Constitution. If this
69	74		Act does not receive the vote necessary for immediate effect, this
70	75		Act takes effect September 1, 2017.
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