Bill Text: TX HB1754 | 2015-2016 | 84th Legislature | Comm Sub
Bill Title: Relating to the conveyance of property by a municipality for the public purpose of economic development.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Engrossed - Dead) 2015-05-25 - Placed on intent calendar [HB1754 Detail]
Download: Texas-2015-HB1754-Comm_Sub.html
By: Pickett (Senate Sponsor - Rodríguez) | H.B. No. 1754 | |
(In the Senate - Received from the House May 18, 2015; | ||
May 18, 2015, read first time and referred to Committee on Business | ||
and Commerce; May 22, 2015, reported favorably by the following | ||
vote: Yeas 6, Nays 1; May 22, 2015, sent to printer.) | ||
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relating to the conveyance of property by a municipality for the | ||
public purpose of economic development. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Chapter 253, Local Government Code, is amended | ||
by adding Section 253.0125 to read as follows: | ||
Sec. 253.0125. CONVEYANCE OF PROPERTY FOR ECONOMIC | ||
DEVELOPMENT PURPOSES. (a) This section applies only to an entity | ||
and a municipality that have entered into an economic development | ||
agreement authorized by Chapter 380. | ||
(b) Notwithstanding Section 272.001(a) or other law, a | ||
municipality may transfer to an entity real property or an interest | ||
in real property for consideration described by this section. | ||
(c) Consideration for a transfer authorized by this section | ||
is in the form of an agreement between the parties that requires the | ||
entity to use the property in a manner that primarily promotes a | ||
public purpose of the municipality relating to economic | ||
development. The agreement must include provisions under which the | ||
municipality is granted sufficient control to ensure that the | ||
public purpose is accomplished and the municipality receives the | ||
return benefit. | ||
(d) Before making a transfer under an agreement as provided | ||
by this section, the municipality shall provide notice to the | ||
general public published in a newspaper of general circulation in | ||
the county in which the property is located or, if there is no such | ||
newspaper, in an adjoining county. The notice must: | ||
(1) include a description of the real property, | ||
including its location; and | ||
(2) be published on two separate days within 10 days | ||
before the date the property is transferred. | ||
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, 2015. | ||
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