Texas Senate Bill SB2611

Texas 2023 - 88th Regular

• Filed: 4/20/23

Caption

Relating to the creation of the Northeast Houston Redevelopment District; providing authority to issue bonds; providing authority to impose assessments or fees.

Impact

If enacted, SB2611 would enable the district to engage in various financing methods including the levying of assessments and issuing bonds to fund redevelopment projects. This would grant local authorities greater flexibility to address the economic needs of Northeast Houston, allowing for targeted improvements that could boost property values and enhance community resources. The bill also permits the area to be included in additional economic development zones, further expanding the potential for financial revitalization.

Summary

SB2611 proposes the establishment of the Northeast Houston Redevelopment District, which is designed to enhance economic conditions in the area through the issuance of bonds and the imposition of assessments or fees. The bill outlines the governance structure of the district, which will be managed by a board of directors appointed by the governing body of the city. The creation of this district aims to spur redevelopment efforts, attract investment, and improve local infrastructure within the designated area.

Sentiment

The sentiment surrounding SB2611 appears largely supportive among local government officials and community leaders who view the creation of the district as a necessary step toward addressing long-standing economic challenges in Northeast Houston. Proponents argue that such measures are vital for revitalizing under-resourced areas. However, there may be concerns from some residents regarding the implications of assessments and potential increases in local taxes that could accompany these improvements.

Contention

Notable points of contention may arise from the potential impact of assessments on residents and property owners within the district. While supporters emphasize the long-term benefits of increased infrastructure and investments, opponents could raise objections about the burden of new fees and the accountability of the district's governance. The decision-making process for the district, including how directors are appointed and the management of funds, might also be scrutinized to ensure transparency and community involvement in the redevelopment process.

Texas Constitutional Statutes Affected

Local Government Code

• Chapter 375. Municipal Management Districts In General
  • Section: New Section

Election Code

• Chapter 41. Election Dates And Hours For Voting
  • Section: New Section

Government Code

• Chapter 1509. Obligations For Other Municipal Purposes
  • Section: New Section

Tax Code

• Chapter 311. Tax Increment Financing Act
  • Section: New Section

• Chapter 312. Property Redevelopment And Tax Abatement Act
  • Section: New Section