Bill Text: TX HB3818 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to a leasehold or other possessory interest in real property granted by a public facility corporation for a public facility.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-03-23 - Referred to Investments & Financial Services [HB3818 Detail]
Download: Texas-2015-HB3818-Introduced.html
By: Landgraf | H.B. No. 3818 |
|
||
|
||
relating to a leasehold or other possessory interest in real | ||
property granted by a public facility corporation for a public | ||
facility. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 303.042, Local Government Code, is | ||
amended by adding Subsection (f) to read as follows: | ||
(f) Notwithstanding Subsections (a) and (b), during the | ||
period of time that a corporation owns a particular public | ||
facility, a leasehold or other possessory interest in the real | ||
property of the public facility granted by the corporation shall be | ||
treated in the same manner as a leasehold or other possessory | ||
interest in real property granted by an authority under Section | ||
379B.011(b). | ||
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. |