|
|
|
A BILL TO BE ENTITLED
|
|
AN ACT
|
|
|
|
|
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. |