Bill Text: TX HB3215 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to a limitation on use of corporate revenue by economic development corporations.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-03-18 - Referred to Economic & Small Business Development [HB3215 Detail]
Download: Texas-2011-HB3215-Introduced.html
82R5120 CLG-D | ||
By: Button | H.B. No. 3215 |
|
||
|
||
relating to a limitation on use of corporate revenue by economic | ||
development corporations. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter C, Chapter 504, Local Government | ||
Code, is amended by adding Section 504.108 to read as follows: | ||
Sec. 504.108. USE OF REVENUE TO RECRUIT OR RELOCATE | ||
BUSINESS FROM NEIGHBORING MUNICIPALITY PROHIBITED. A Type A | ||
corporation may not use corporate revenue for purposes of | ||
recruiting or relocating to the corporation's authorizing | ||
municipality a business from a municipality located in: | ||
(1) the same county as the authorizing municipality; | ||
or | ||
(2) a county adjacent to the county in which the | ||
authorizing municipality is located. | ||
SECTION 2. Subchapter C, Chapter 505, Local Government | ||
Code, is amended by adding Section 505.107 to read as follows: | ||
Sec. 505.107. USE OF REVENUE TO RECRUIT OR RELOCATE | ||
BUSINESS FROM NEIGHBORING MUNICIPALITY PROHIBITED. A Type B | ||
corporation may not use corporate revenue for purposes of | ||
recruiting or relocating to the corporation's authorizing | ||
municipality a business from a municipality located in: | ||
(1) the same county as the authorizing municipality; | ||
or | ||
(2) a county adjacent to the county in which the | ||
authorizing municipality is located. | ||
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, 2011. |