Bill Text: TX HB187 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the authority of the Near Northside Management District to undertake tax increment financing.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2013-02-06 - Referred to Ways & Means [HB187 Detail]
Download: Texas-2013-HB187-Introduced.html
| 83R1023 NAJ-D | ||
| By: Dutton | H.B. No. 187 | |
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| relating to the authority of the Near Northside Management District | ||
| to undertake tax increment financing. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter D, Chapter 3905, Special District | ||
| Local Laws Code, is amended by adding Section 3905.155 to read as | ||
| follows: | ||
| Sec. 3905.155. TAX INCREMENT FINANCING POWERS. (a) The | ||
| district may designate all or any part of the district as a tax | ||
| increment reinvestment zone. The district may use tax increment | ||
| financing under Chapter 311, Tax Code, in the manner provided by | ||
| that chapter for a municipality, except as modified by this | ||
| section. | ||
| (b) The district has all powers provided under Chapter 311, | ||
| Tax Code. | ||
| (c) The district and an overlapping taxing unit may enter | ||
| into an interlocal agreement for the payment of all or a portion of | ||
| the tax increment of the unit to the district. | ||
| (d) For the purpose of tax increment financing under this | ||
| section, the board functions as the board of directors of the | ||
| reinvestment zone. Section 311.009, Tax Code, does not apply to the | ||
| district. | ||
| SECTION 2. (a) The legal notice of the intention to | ||
| introduce this Act, setting forth the general substance of this | ||
| Act, has been published as provided by law, and the notice and a | ||
| copy of this Act have been furnished to all persons, agencies, | ||
| officials, or entities to which they are required to be furnished | ||
| under Section 59, Article XVI, Texas Constitution, and Chapter 313, | ||
| Government Code. | ||
| (b) The governor, one of the required recipients, has | ||
| submitted the notice and Act to the Texas Commission on | ||
| Environmental Quality. | ||
| (c) The Texas Commission on Environmental Quality has filed | ||
| its recommendations relating to this Act with the governor, the | ||
| lieutenant governor, and the speaker of the house of | ||
| representatives within the required time. | ||
| (d) All requirements of the constitution and laws of this | ||
| state and the rules and procedures of the legislature with respect | ||
| to the notice, introduction, and passage of this Act are fulfilled | ||
| and accomplished. | ||
| SECTION 3. 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. | ||
