1 | 1 | | By: Davis of Dallas H.B. No. 4470 |
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2 | 2 | | |
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3 | 3 | | |
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4 | 4 | | A BILL TO BE ENTITLED |
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5 | 5 | | AN ACT |
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6 | 6 | | relating to community development by municipal management |
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7 | 7 | | districts in certain counties. |
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8 | 8 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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9 | 9 | | SECTION 1. Subchapter E, Chapter 375, Local Government |
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10 | 10 | | Code, is amended by adding Section 375.099 to read as follows: |
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11 | 11 | | Sec. 375.099. COMMUNITY DEVELOPMENT IN CERTAIN COUNTIES. |
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12 | 12 | | (a) |
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13 | 13 | | This section applies only to a district in a county with a |
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14 | 14 | | population of more than two million that is adjacent to another |
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15 | 15 | | county with a population of more than one million. |
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16 | 16 | | (b) The district may develop and administer a community and |
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17 | 17 | | economic development program described by Section 381.004(b)(2), |
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18 | 18 | | (5), (6), or (7) in the same manner as a commissioners court. |
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19 | 19 | | (c) If the municipality creates a tax increment |
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20 | 20 | | reinvestment zone under Chapter 311, Tax Code, the municipality, by |
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21 | 21 | | contract with the district, may grant money deposited in the tax |
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22 | 22 | | increment fund to the district to be used by the district for the |
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23 | 23 | | purposes permitted for money granted to a corporation under Section |
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24 | 24 | | 380.002(b), Local Government Code. |
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25 | 25 | | (d) The district may require that a person who receives a |
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26 | 26 | | financial incentive or benefit from the district for construction |
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27 | 27 | | or the development of property in the district provide support for a |
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28 | 28 | | community development project in the district. |
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29 | 29 | | SECTION 2. This Act takes effect September 1, 2019. |
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