| 1 | 1 | | 86R3423 CLG-D |
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| 2 | 2 | | By: Taylor S.B. No. 1039 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to entities eligible to authorize the creation of a |
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| 8 | 8 | | spaceport development corporation. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 507.003, Local Government Code, is |
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| 11 | 11 | | amended to read as follows: |
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| 12 | 12 | | Sec. 507.003. AUTHORITY TO CREATE CORPORATION BY ELIGIBLE |
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| 13 | 13 | | ENTITIES. The following entities are eligible to authorize the |
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| 14 | 14 | | creation under this subtitle of a spaceport development |
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| 15 | 15 | | corporation: |
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| 16 | 16 | | (1) a county; [or] |
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| 17 | 17 | | (2) a municipality with a population of two million or |
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| 18 | 18 | | more; or |
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| 19 | 19 | | (3) a combination of one or more municipalities and |
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| 20 | 20 | | one or more counties. |
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| 21 | 21 | | SECTION 2. Section 507.051, Local Government Code, is |
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| 22 | 22 | | amended by amending Subsection (b) and adding Subsection (b-1) to |
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| 23 | 23 | | read as follows: |
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| 24 | 24 | | (b) If a single county authorizes the creation of a |
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| 25 | 25 | | spaceport development corporation, the commissioners court of the |
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| 26 | 26 | | county shall appoint the directors of the corporation. If a single |
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| 27 | 27 | | municipality authorizes the creation of a spaceport development |
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| 28 | 28 | | corporation under Section 507.003(2), the governing body of the |
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| 29 | 29 | | municipality shall appoint the directors of the corporation. |
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| 30 | 30 | | (b-1) If more than one political subdivision authorizes the |
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| 31 | 31 | | creation of a spaceport development corporation, the governing |
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| 32 | 32 | | bodies of the political subdivisions shall appoint the directors |
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| 33 | 33 | | through written agreement between the governing bodies. |
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| 34 | 34 | | SECTION 3. This Act takes effect immediately if it receives |
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| 35 | 35 | | a vote of two-thirds of all the members elected to each house, as |
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| 36 | 36 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 37 | 37 | | Act does not receive the vote necessary for immediate effect, this |
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| 38 | 38 | | Act takes effect September 1, 2019. |
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