Texas 2025 - 89th Regular

Texas Senate Bill SB2486 Compare Versions

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11 89R15130 BEF-F
22 By: Schwertner S.B. No. 2486
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77 A BILL TO BE ENTITLED
88 AN ACT
99 relating to the authority of certain municipalities to receive and
1010 pledge for the payment of obligations certain additional tax
1111 revenue derived from a hotel and convention center project.
1212 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1313 SECTION 1. Section 351.157(b), Tax Code, is amended to read
1414 as follows:
1515 (b) This section applies only to:
1616 (1) a municipality described by Section 351.152(3);
1717 (1-a) a municipality described by Section 351.152(5);
1818 (2) a municipality described by Section 351.152(6);
1919 (3) a municipality described by Section 351.152(7);
2020 (4) a municipality described by Section 351.152(10);
2121 (4-a) a municipality described by Section
2222 351.152(14);
2323 (5) a municipality described by Section 351.152(16);
2424 (6) a municipality described by Section 351.152(22);
2525 (7) a municipality described by Section 351.152(25);
2626 (8) a municipality described by Section 351.152(34);
2727 (9) a municipality described by Section 351.152(35);
2828 (10) a municipality described by Section 351.152(36);
2929 (11) a municipality described by Section 351.152(38);
3030 (11-a) a municipality described by Section
3131 351.152(41);
3232 (12) a municipality described by Section 351.152(43);
3333 (13) a municipality described by Section 351.152(46);
3434 (14) a municipality described by Section 351.152(47);
3535 (15) a municipality described by Section 351.152(49);
3636 (15-a) a municipality described by Section
3737 351.152(51);
3838 (16) a municipality described by Section 351.152(53);
3939 (17) a municipality described by Section 351.152(54);
4040 (18) a municipality described by Section 351.152(56);
4141 and
4242 (19) a municipality described by Section 351.152(58).
4343 SECTION 2. This Act takes effect immediately if it receives
4444 a vote of two-thirds of all the members elected to each house, as
4545 provided by Section 39, Article III, Texas Constitution. If this
4646 Act does not receive the vote necessary for immediate effect, this
4747 Act takes effect September 1, 2025.