Bill Text: TX HB2390 | 2021-2022 | 87th Legislature | Comm Sub

Texas House Bill 2390 (Prior Session Legislation)

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Relating to the authority of a development corporation created by the Gulf Coast Authority to finance certain projects.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2021-05-28 - Effective immediately [HB2390 Detail]

Download: Texas-2021-HB2390-Comm_Sub.html



	By: Paul (Senate Sponsor - Taylor)	H.B. No. 2390
	(In the Senate - Received from the House April 21, 2021;
	May 3, 2021, read first time and referred to Committee on Local
	Government; May 11, 2021, reported favorably by the following
	vote: Yeas 9, Nays 0; May 11, 2021, sent to printer.)
Click here to see the committee vote


	A BILL TO BE ENTITLED
	AN ACT

	relating to the authority of a development corporation created by
	the Gulf Coast Authority to finance certain projects.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 3.01, Chapter 409, Acts of the 61st
	Legislature, Regular Session, 1969, is amended by adding Subsection
	(g) to read as follows:
	(g) A development corporation created by the authority
	under Chapter 501, Local Government Code, may finance:
	(1) projects described by Subchapter C, Chapter 501,
	Local Government Code, located inside or outside this state; and
	(2) qualified improvements as defined by Section
	399.002, Local Government Code, located inside or outside this
	state in the same manner and to the same extent as a municipality or
	county may do so under Chapter 399 of that code.
	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, 2021.

	* * * * *