Bill Text: TX HB2772 | 2015-2016 | 84th Legislature | Enrolled
Bill Title: Relating to the authority of certain economic development corporations to undertake and operate transportation-related projects.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2015-06-17 - Effective immediately [HB2772 Detail]
Download: Texas-2015-HB2772-Enrolled.html
| H.B. No. 2772 | ||
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| relating to the authority of certain economic development | ||
| corporations to undertake and operate transportation-related | ||
| projects. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 501.106(b), Local Government Code, is | ||
| amended to read as follows: | ||
| (b) For a corporation to which this section applies, in this | ||
| subtitle, "project" includes the land, buildings, facilities, | ||
| infrastructure, and improvements that: | ||
| (1) the corporation's board of directors finds are | ||
| required or suitable for the development or promotion of new or | ||
| expanded business enterprises through transportation facilities | ||
| including airports, hangars, railports, rail switching facilities, | ||
| maintenance and repair facilities, cargo facilities, marine ports, | ||
| inland ports, mass commuting facilities, parking facilities, and | ||
| related infrastructure located on or adjacent to an airport or | ||
| railport facility [ |
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| (2) are undertaken by the corporation if the | ||
| municipality that authorized the creation of the corporation has, | ||
| at the time the corporation approves the project as provided by this | ||
| subtitle: | ||
| (A) a population of less than 50,000; or | ||
| (B) an average rate of unemployment that is | ||
| greater than the state average rate of unemployment during the most | ||
| recent 12-month period for which data is available that precedes | ||
| the date the project is approved. | ||
| SECTION 2. Section 501.160(d), Local Government Code, is | ||
| amended to read as follows: | ||
| (d) A corporation has all the powers necessary to own and | ||
| operate a project as a business if: | ||
| (1) the project is a military installation or military | ||
| facility that has been closed or realigned, including a military | ||
| installation or facility closed or realigned under the Defense Base | ||
| Closure and Realignment Act of 1990 (10 U.S.C. Section 2687 note), | ||
| as amended; or | ||
| (2) the project is authorized under Section 501.106. | ||
| 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, 2015. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I certify that H.B. No. 2772 was passed by the House on May | ||
| 12, 2015, by the following vote: Yeas 137, Nays 7, 2 present, not | ||
| voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| I certify that H.B. No. 2772 was passed by the Senate on May | ||
| 24, 2015, by the following vote: Yeas 25, Nays 5. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| APPROVED: _____________________ | ||
| Date | ||
| _____________________ | ||
| Governor | ||
