| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R11809 RDS-F | |
| 2 | 2 | By: Tepper H.B. No. 2408 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to the authority of certain municipalities to pledge | |
| 10 | 10 | certain tax revenue for the payment of obligations related to, and | |
| 11 | 11 | receive certain tax revenue derived from, a hotel and convention | |
| 12 | 12 | center project. | |
| 13 | 13 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 14 | 14 | SECTION 1. Section 351.1022(a), Tax Code, is amended to | |
| 15 | 15 | read as follows: | |
| 16 | 16 | (a) This section applies only to: | |
| 17 | 17 | (1) a municipality described by Section | |
| 18 | 18 | 351.102(e)(3); and | |
| 19 | 19 | (2) a municipality described by Section 351.152(14). | |
| 20 | 20 | SECTION 2. Section 351.157(e), Tax Code, is amended to read | |
| 21 | 21 | as follows: | |
| 22 | 22 | (e) A municipality to which this section applies, other than | |
| 23 | 23 | a municipality described by Section 351.152(14), is not entitled to | |
| 24 | 24 | receive revenue under Subsection (d) unless the municipality | |
| 25 | 25 | commences a qualified project under this subchapter before | |
| 26 | 26 | September 1, 2027. | |
| 27 | 27 | SECTION 3. This Act takes effect immediately if it receives | |
| 28 | 28 | a vote of two-thirds of all the members elected to each house, as | |
| 29 | 29 | provided by Section 39, Article III, Texas Constitution. If this | |
| 30 | 30 | Act does not receive the vote necessary for immediate effect, this | |
| 31 | 31 | Act takes effect September 1, 2025. |