This website will be unavailable from Friday, April 26, 2024 at 6:00 p.m. through Monday, April 29, 2024 at 7:00 a.m. due to data center maintenance.
S.B. No. 1751
AN ACT
relating to the powers and board of directors of the Lubbock Reese
Redevelopment Authority; authorizing a bond or similar obligation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 3501.051, Special District Local Laws
Code, is amended to read as follows:
Sec. 3501.051. COMPOSITION OF BOARD. (a) The board is
composed of:
(1) five [seven] directors appointed by the governing
body of the City of Lubbock from a list of persons recommended by
the board under this section;
(2) one director appointed by the commissioners court
of Lubbock County from a list of persons recommended by the board
under this section; and
(3) one director appointed by the South Plains
Association of Governments.
(b) Before the term of a director appointed under Subsection
(a)(1) or (a)(2) expires, the board, in consultation with the City
of Lubbock or Lubbock County, as applicable, shall recommend to the
governing body of the City of Lubbock or the commissioners court of
Lubbock County, as applicable, a list of persons to serve on the
succeeding board. After reviewing the list of recommendations, the
governing body of the City of Lubbock or the commissioners court of
Lubbock County, as applicable, shall appoint the appropriate number
of directors from the recommended persons, or request that the
board provide additional recommendations.
(c) The governing body of the City of Lubbock, the
commissioners court of Lubbock County, or the board, as
appropriate, shall make recommendations and appointments to the
board so that places on the board are occupied by persons with
experience in:
(1) real estate;
(2) finance;
(3) manufacturing;
(4) agriculture; and
(5) general business.
SECTION 2. Subchapter C, Chapter 3501, Special District
Local Laws Code, is amended by adding Sections 3501.105 and
3501.106 to read as follows:
Sec. 3501.105. ADVISORY BOARDS. The board may appoint
advisory boards to assist the board in administering this chapter.
Sec. 3501.106. REVENUE BONDS. The authority may issue for
any authority purpose bonds or other obligations payable from any
source of authority revenue. The authority may issue a bond or
other obligation in the form of a bond, note, certificate of
participation or other instrument evidencing a proportionate
interest in payments to be made by the authority, or other type of
obligation.
SECTION 3. (a) As used in this section, "director" means a
member of the board of directors of the Lubbock Reese Redevelopment
Authority.
(b) The changes in law made by this Act applying to
directors do not affect the entitlement of a director serving on the
board of directors immediately before the effective date of this
Act to continue to serve and function as a director until September
30, 2005. Those changes in law apply only to a director appointed
under Section 3501.051, Special District Local Laws Code, as
amended by this Act.
(c) On September 30, 2005, all Lubbock Reese Redevelopment
Authority board members' terms expire.
(d) Not later than September 30, 2005:
(1) the governing body of the City of Lubbock shall
appoint five directors under Section 3501.051, Special District
Local Laws Code, as amended by this Act, to serve terms beginning
October 1, 2005, with two directors' terms expiring September 30,
2007, and three directors' terms expiring September 30, 2009;
(2) the commissioners court of Lubbock County shall
appoint one director under Section 3501.051, Special District Local
Laws Code, as amended by this Act, to serve a term beginning October
1, 2005, and expiring September 30, 2007; and
(3) the South Plains Association of Governments shall
appoint one director under Section 3501.051, Special District Local
Laws Code, as amended by this Act, to serve a term beginning October
1, 2005, and expiring September 30, 2009.
SECTION 4. 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, 2005.
______________________________ ______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 1751 passed the Senate on
May 3, 2005, by the following vote: Yeas 31, Nays 0; and that the
Senate concurred in House amendment on May 27, 2005, by the
following vote: Yeas 29, Nays 0.
______________________________
Secretary of the Senate
I hereby certify that S.B. No. 1751 passed the House, with
amendment, on May 25, 2005, by the following vote: Yeas 144,
Nays 0, two present not voting.
______________________________
Chief Clerk of the House
Approved:
______________________________
Date
______________________________
Governor