H.B. No. 2390
AN ACT
relating to the authority of a development corporation created by
the Gulf Coast Authority to finance certain projects.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 3.01, Chapter 409, Acts of the 61st
Legislature, Regular Session, 1969, is amended by adding Subsection
(g) to read as follows:
(g) A development corporation created by the authority
under Chapter 501, Local Government Code, may finance:
(1) projects described by Subchapter C, Chapter 501,
Local Government Code, located inside or outside this state; and
(2) qualified improvements as defined by Section
399.002, Local Government Code, located inside or outside this
state in the same manner and to the same extent as a municipality or
county may do so under Chapter 399 of that code.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2021.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 2390 was passed by the House on April
21, 2021, by the following vote: Yeas 135, Nays 12, 1 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 2390 was passed by the Senate on May
14, 2021, by the following vote: Yeas 30, Nays 0.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor