Texas 2019 - 86th Regular

Texas House Bill HB4470 Compare Versions

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11 By: Davis of Dallas H.B. No. 4470
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44 A BILL TO BE ENTITLED
55 AN ACT
66 relating to community development by municipal management
77 districts in certain counties.
88 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
99 SECTION 1. Subchapter E, Chapter 375, Local Government
1010 Code, is amended by adding Section 375.099 to read as follows:
1111 Sec. 375.099. COMMUNITY DEVELOPMENT IN CERTAIN COUNTIES.
1212 (a)
1313 This section applies only to a district in a county with a
1414 population of more than two million that is adjacent to another
1515 county with a population of more than one million.
1616 (b) The district may develop and administer a community and
1717 economic development program described by Section 381.004(b)(2),
1818 (5), (6), or (7) in the same manner as a commissioners court.
1919 (c) If the municipality creates a tax increment
2020 reinvestment zone under Chapter 311, Tax Code, the municipality, by
2121 contract with the district, may grant money deposited in the tax
2222 increment fund to the district to be used by the district for the
2323 purposes permitted for money granted to a corporation under Section
2424 380.002(b), Local Government Code.
2525 (d) The district may require that a person who receives a
2626 financial incentive or benefit from the district for construction
2727 or the development of property in the district provide support for a
2828 community development project in the district.
2929 SECTION 2. This Act takes effect September 1, 2019.