Bill Text: TX HB1290 | 2013-2014 | 83rd Legislature | Engrossed
Bill Title: Relating to the authority for local governments to jointly administer transportation reinvestment zones.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2013-04-18 - Referred to Transportation [HB1290 Detail]
Download: Texas-2013-HB1290-Engrossed.html
| By: Phillips | H.B. No. 1290 | |
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| relating to the authority for local governments to jointly | ||
| administer transportation reinvestment zones. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter E, Chapter 222, Transportation Code, | ||
| is amended by adding Section 222.111 to read as follows: | ||
| Sec. 222.111. JOINT ADMINISTRATION OF TRANSPORTATION | ||
| REINVESTMENT ZONES. (a) The governing bodies of two or more local | ||
| governments that have designated a transportation reinvestment | ||
| zone under Section 222.106 or 222.107 for the same transportation | ||
| project or projects may enter into an agreement to provide for the | ||
| joint administration of the transportation reinvestment zones. The | ||
| agreement may provide for: | ||
| (1) the establishment of a joint tax increment account | ||
| for the transportation reinvestment zones; | ||
| (2) separate accounts for the maintenance of funds | ||
| from a zone created under Section 222.106 and funds from a zone | ||
| created under Section 222.107; | ||
| (3) the commitment of each participating entity to | ||
| transfer the tax increment or assessment, or the portion thereof | ||
| dedicated to a transportation project, to an account subject to the | ||
| joint administration; and | ||
| (4) to the extent legally permitted, the pledge or | ||
| assignment of the tax increment or assessment to an entity | ||
| developing a transportation project or providing funding for a | ||
| transportation project. | ||
| (b) Notwithstanding any other law, a local government may | ||
| designate a transportation reinvestment zone for a transportation | ||
| project located outside the local government's boundaries if: | ||
| (1) the local government finds that: | ||
| (A) the project will benefit the property and | ||
| residents located in the zone; and | ||
| (B) the creation of the zone will serve a public | ||
| purpose of the local government; | ||
| (2) a zone has been designated for the same project by | ||
| one or more local governments in whose boundaries the project is | ||
| located; and | ||
| (3) an agreement for joint administration of the | ||
| designated zones is entered into under this section by: | ||
| (A) the local government whose boundaries do not | ||
| contain the project; and | ||
| (B) one or more of the local governments that | ||
| have designated a zone for the project and in whose boundaries the | ||
| project is located. | ||
| SECTION 2. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2013. | ||
