| 1 | 1 | | 88R10034 CJC-F |
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| 2 | 2 | | By: Geren H.B. No. 2608 |
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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 the use by certain municipalities of certain tax |
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| 8 | 8 | | revenue to fund convention center facilities, multipurpose arenas, |
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| 9 | 9 | | venues, and related infrastructure. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Section 351.1015, Tax Code, is amended by |
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| 12 | 12 | | amending Subsection (b) and adding Subsection (j) to read as |
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| 13 | 13 | | follows: |
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| 14 | 14 | | (b) This section applies only to a qualified project located |
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| 15 | 15 | | in a municipality with a population of at least 850,000 [650,000] |
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| 16 | 16 | | but less than 950,000 [750,000] according to the most recent |
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| 17 | 17 | | federal decennial census. |
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| 18 | 18 | | (j) Notwithstanding any other law or a term of any ordinance |
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| 19 | 19 | | or agreement adopted or entered into under this section, due to the |
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| 20 | 20 | | effect of the COVID-19 pandemic on hotel-associated revenues, the |
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| 21 | 21 | | date on which a project financing zone designated under this |
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| 22 | 22 | | section expires is automatically extended for two years if the zone |
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| 23 | 23 | | was: |
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| 24 | 24 | | (1) designated by a municipality as a project |
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| 25 | 25 | | financing zone in or before 2019; and |
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| 26 | 26 | | (2) in existence on March 15, 2020. |
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| 27 | 27 | | SECTION 2. This Act takes effect September 1, 2023. |
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