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Amend CSHB 2639 as follows:
(1) On page 3, strike lines 19-21 and substitute the following:
(e) An economic development program must be within the
boundaries of the district.
(2) On page 4, between lines 24 and 25, insert a new
Subsection (b) to read as follows and reletter existing Subsection
(b) and subsequent subsections appropriately:
(b) A nonprofit corporation created under Subsection (a)
shall:
(1) establish and maintain the principal office of the
corporation inside the boundaries of the district; and
(2) exercise the corporation's powers relating to real
property or tangible personal property only inside the boundaries
of the district.