| 1 | 1 | | 88R25205 SRA-F |
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| 2 | 2 | | By: Troxclair, Spiller, Stucky, H.B. No. 4090 |
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| 3 | 3 | | Harris of Anderson, Harris of Williamson |
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| 4 | 4 | | Substitute the following for H.B. No. 4090: |
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| 5 | 5 | | By: Craddick C.S.H.B. No. 4090 |
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| 6 | 6 | | |
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| 7 | 7 | | |
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| 8 | 8 | | A BILL TO BE ENTITLED |
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| 9 | 9 | | AN ACT |
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| 10 | 10 | | relating to the use of revenue attributable to the imposition of a |
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| 11 | 11 | | hotel occupancy tax by certain counties for certain venue projects |
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| 12 | 12 | | and the period for which certain hotel occupancy taxes may be |
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| 13 | 13 | | imposed. |
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| 14 | 14 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 15 | 15 | | SECTION 1. Section 334.2515, Local Government Code, is |
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| 16 | 16 | | amended to read as follows: |
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| 17 | 17 | | Sec. 334.2515. APPLICATION. Except as provided by |
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| 18 | 18 | | Sections 334.2516, [and] 334.2518, and 334.2519, this subchapter |
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| 19 | 19 | | does not apply to the financing of a venue project that is: |
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| 20 | 20 | | (1) an area described by Section 334.001(4)(C); |
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| 21 | 21 | | (2) an area or facility that is part of a municipal |
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| 22 | 22 | | parks and recreation system as described by Section 334.001(4)(D); |
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| 23 | 23 | | (3) a project described by Section 334.001(4)(E), |
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| 24 | 24 | | except for a project described by Section 334.001(4)(A); or |
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| 25 | 25 | | (4) a facility described by Section 334.001(4)(G). |
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| 26 | 26 | | SECTION 2. Subchapter H, Chapter 334, Local Government |
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| 27 | 27 | | Code, is amended by adding Section 334.2519 to read as follows: |
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| 28 | 28 | | Sec. 334.2519. USE OF REVENUE FOR CERTAIN VENUE PROJECTS. |
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| 29 | 29 | | (a) This section applies only to a venue project that is an |
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| 30 | 30 | | exposition center and is located in a municipality: |
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| 31 | 31 | | (1) with a population of 750,000 or more; and |
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| 32 | 32 | | (2) that is primarily located in a county with a |
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| 33 | 33 | | population of 1.5 million or less. |
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| 34 | 34 | | (b) A county may use revenue under this subchapter to |
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| 35 | 35 | | acquire, construct, improve, and equip a venue project to which |
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| 36 | 36 | | this section applies and related infrastructure to be constructed |
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| 37 | 37 | | on real property described by Section 334.2515(2). In addition, the |
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| 38 | 38 | | county may pledge the revenue to the payment of bonds or other |
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| 39 | 39 | | obligations the county issues to finance the venue project |
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| 40 | 40 | | infrastructure. |
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| 41 | 41 | | SECTION 3. Section 334.257, Local Government Code, is |
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| 42 | 42 | | amended by adding Subsection (c) to read as follows: |
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| 43 | 43 | | (c) This subsection applies only to a municipality with a |
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| 44 | 44 | | population of 750,000 or more that is primarily located in a county |
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| 45 | 45 | | with a population of 1.5 million or less. Notwithstanding |
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| 46 | 46 | | Subsection (b), a municipality to which this section applies may |
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| 47 | 47 | | impose a tax under this subchapter only until the earlier of: |
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| 48 | 48 | | (1) the date on which all bonds and other obligations |
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| 49 | 49 | | issued under Section 334.043 have been paid in full; |
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| 50 | 50 | | (2) the date on which the municipality has collected |
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| 51 | 51 | | the amount of money attributable to the tax imposed under this |
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| 52 | 52 | | subchapter that is sufficient to pay in full the bonds and other |
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| 53 | 53 | | obligations; or |
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| 54 | 54 | | (3) the date on which the total amount of money, |
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| 55 | 55 | | exclusive of guaranteed interest, necessary to pay in full the |
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| 56 | 56 | | bonds and other obligations has been set aside by the municipality |
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| 57 | 57 | | in a trust account dedicated to the payment of the bonds and other |
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| 58 | 58 | | obligations. |
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| 59 | 59 | | SECTION 4. This Act takes effect September 1, 2023. |
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