By: West S.B. No. 345
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the use of tax revenue by certain municipalities for the
  payment of certain hotel-related bonds or other obligations.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 351.102(b), Tax Code, is amended to read
  as follows:
         (b)  An eligible central municipality, a municipality with a
  population of 173,000 or more that is located within two or more
  counties, a municipality with a population of 96,000 or more that is
  located in a county that borders Lake Palestine or contains the
  headwaters of the San Gabriel River, or a municipality with a
  population of at least 99,900 but not more than 111,000 that is
  located in a county with a population of at least 135,000 may pledge
  the revenue derived from the tax imposed under this chapter from a
  hotel project that is owned by or located on land owned by the
  municipality or, in an eligible central municipality, by a
  nonprofit corporation acting on behalf of an eligible central
  municipality, and that is located within 1,000 feet of a convention
  center facility owned by the municipality for the payment of bonds
  or other obligations issued or incurred to acquire, lease,
  construct, and equip the hotel and any facilities ancillary to the
  hotel, including convention center entertainment-related
  facilities, meeting spaces, restaurants, shops, street and water
  and sewer infrastructure necessary for the operation of the hotel
  or ancillary facilities, and parking facilities within 1,000 feet
  of the hotel or convention center facility.  A municipality with a
  population of 173,000 or more that is located within two or more
  counties may pledge for the payment of bonds or other obligations
  described by this subsection the revenue derived from the tax
  imposed under this chapter from a hotel project not owned by or
  located on land owned by the municipality if the project is located
  on land that is owned by the federal government and the project is
  located within 1,000 feet of a convention center facility owned by
  the municipality.  For bonds or other obligations issued under this
  subsection, an eligible central municipality or a municipality
  described by this subsection may only pledge revenue or other
  assets of the hotel project benefiting from those bonds or other
  obligations.
         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, 2017.