By: Gervin-Hawkins H.B. No. 5634
A BILL TO BE ENTITLED
AN ACT
relating to the authority of certain municipalities and local
government corporations to use certain tax revenue for certain
qualified projects.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 351.1015, Tax Code, is amended by
amending Subsection (k) to read as follows:
This subsection applies only toFor a municipality described
by Subsection (b)(2),. tThe term "qualified project" means only a
convention center facility or a venue described by Section
334.001(4)(A), Local Government Code, and any related
infrastructure. Commencement of any one qualified project
designated by the municipality in accordance with this Section
within the specified period described in Subsection (g) shall
satisfy the requirements of that subsection and permit the use of
project financing zone revenues on all designated qualified
projects.
SECTION 2. Section 351.1015, Tax Code, is amended by adding
Subsection (1) to read as follows:
(1) A municipality described by Subsection (b)(2), after
designation of a project financing zone under Subsection (a)(4) and
notification to the comptroller under Subsection (f), may, by
ordinance, designate additional qualified projects within a zone,
provided that any such additional qualified project shall:
(1) comply with the requirements of Subsection (k);
(2) with respect to an outer wall of the added qualified
project, be within 1,000 feet of the outer wall of an
already-designated qualified project; and
(3) not act to extend the duration or boundaries of the
established project financing zone or the period of time by which
the requirements of Subsection (g) are satisfied.
A municipality that adds a qualified project to a project
financing zone under this Subsection shall notify the comptroller
of such addition not later than the 30th day after the date the
municipality adopts the ordinance adding such qualified project.
Upon provision of such notice to the Comptroller, the added
qualified project shall constitute a qualified project for all
purposes of this Section except for establishing the boundaries and
duration of the project financing zone under Subsection (a)(4) and
for determining compliance with the requirements of Subsection (g).
SECTION 2. This Act takes effect September 1, 2025.