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AN ACT
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relating to the authority of the Near Northside Management District |
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to undertake tax increment financing. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 3905, Special District |
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Local Laws Code, is amended by adding Section 3905.155 to read as |
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follows: |
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Sec. 3905.155. TAX INCREMENT FINANCING POWERS. (a) The |
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district may designate all or any part of the district as a tax |
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increment reinvestment zone. The district may use tax increment |
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financing under Chapter 311, Tax Code, in the manner provided by |
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that chapter for a municipality, except as modified by this |
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section. |
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(b) The district has all powers provided under Chapter 311, |
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Tax Code. |
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(c) The district and an overlapping taxing unit may enter |
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into an interlocal agreement for the payment of all or a portion of |
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the tax increment of the unit to the district. |
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(d) For the purpose of tax increment financing under this |
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section, the board functions as the board of directors of the |
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reinvestment zone. Section 311.009, Tax Code, does not apply to the |
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district. |
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SECTION 2. (a) The legal notice of the intention to |
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introduce this Act, setting forth the general substance of this |
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Act, has been published as provided by law, and the notice and a |
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copy of this Act have been furnished to all persons, agencies, |
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officials, or entities to which they are required to be furnished |
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under Section 59, Article XVI, Texas Constitution, and Chapter 313, |
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Government Code. |
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(b) The governor, one of the required recipients, has |
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submitted the notice and Act to the Texas Commission on |
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Environmental Quality. |
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(c) The Texas Commission on Environmental Quality has filed |
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its recommendations relating to this Act with the governor, the |
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lieutenant governor, and the speaker of the house of |
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representatives within the required time. |
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(d) All requirements of the constitution and laws of this |
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state and the rules and procedures of the legislature with respect |
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to the notice, introduction, and passage of this Act are fulfilled |
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and accomplished. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2013. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 2139 was passed by the House on May |
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14, 2013, by the following vote: Yeas 143, Nays 0, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 2139 was passed by the Senate on May |
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20, 2013, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |