88R15834 SRA/JTZ-F
 
  By: Bell of Montgomery H.B. No. 5321
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the authority of the East Montgomery County Improvement
  District to receive certain tax revenue derived from a hotel and
  convention center project and to pledge certain tax revenue for the
  payment of obligations related to the project.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Chapter 3846, Special District Local Laws Code,
  is amended by adding Subchapter K to read as follows:
  SUBCHAPTER K.  HOTEL AND CONVENTION CENTER PROJECTS
         Sec. 3846.501.  DEFINITION. In this subchapter, "qualified
  project" has the meaning assigned by Section 351.151, Tax Code.
         Sec. 3846.502.  HOTEL AND CONVENTION CENTER PROJECTS. (a)  
  The board by order may authorize proceeds from the hotel occupancy
  tax imposed under Subchapter J of this chapter to be used for a
  qualified project under Subchapter C, Chapter 351, Tax Code. The
  use authorized by this subsection is in addition to any other use
  authorized by law.
         (b)  If the board adopts an order described by Subsection
  (a):
               (1)  a reference in Subchapter C, Chapter 351, Tax
  Code, to a municipality is a reference to the district; and
               (2)  the district is considered to be a municipality
  for purposes of Subchapter C, Chapter 351, Tax Code, with the same
  rights, privileges, and responsibilities as a municipality under
  that subchapter, including the ability to pledge or commit revenue
  under Section 351.155, Tax Code, for bonds or other obligations
  issued for a qualified project or contractual obligations for a
  qualified project and to receive certain tax revenue under Section
  351.156, Tax Code.
         (c)  In the event of a conflict between this section and
  another provision of this chapter, this section controls.
         SECTION 2.  (a)  The legal notice of the intention to
  introduce this Act, setting forth the general substance of this
  Act, has been published as provided by law, and the notice and a
  copy of this Act have been furnished to all persons, agencies,
  officials, or entities to which they are required to be furnished
  under Section 59, Article XVI, Texas Constitution, and Chapter 313,
  Government Code.
         (b)  The governor, one of the required recipients, has
  submitted the notice and Act to the Texas Commission on
  Environmental Quality.
         (c)  The Texas Commission on Environmental Quality has filed
  its recommendations relating to this Act with the governor,
  lieutenant governor, and speaker of the house of representatives
  within the required time.
         (d)  All requirements of the constitution and laws of this
  state and the rules and procedures of the legislature with respect
  to the notice, introduction, and passage of this Act have been
  fulfilled and accomplished.
         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, 2023.