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  H.B. No. 2772
 
 
 
 
AN ACT
  relating to the authority of certain economic development
  corporations to undertake and operate transportation-related
  projects.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 501.106(b), Local Government Code, is
  amended to read as follows:
         (b)  For a corporation to which this section applies, in this
  subtitle, "project" includes the land, buildings, facilities,
  infrastructure, and improvements that:
               (1)  the corporation's board of directors finds are
  required or suitable for the development or promotion of new or
  expanded business enterprises through transportation facilities
  including airports, hangars, railports, rail switching facilities,
  maintenance and repair facilities, cargo facilities, marine ports,
  inland ports, mass commuting facilities, parking facilities, and
  related infrastructure located on or adjacent to an airport or
  railport facility [expansion of airport facilities]; or
               (2)  are undertaken by the corporation if the
  municipality that authorized the creation of the corporation has,
  at the time the corporation approves the project as provided by this
  subtitle:
                     (A)  a population of less than 50,000; or
                     (B)  an average rate of unemployment that is
  greater than the state average rate of unemployment during the most
  recent 12-month period for which data is available that precedes
  the date the project is approved.
         SECTION 2.  Section 501.160(d), Local Government Code, is
  amended to read as follows:
         (d)  A corporation has all the powers necessary to own and
  operate a project as a business if:
               (1)  the project is a military installation or military
  facility that has been closed or realigned, including a military
  installation or facility closed or realigned under the Defense Base
  Closure and Realignment Act of 1990 (10 U.S.C. Section 2687 note),
  as amended; or
               (2)  the project is authorized under Section 501.106.
         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, 2015.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 2772 was passed by the House on May
  12, 2015, by the following vote:  Yeas 137, Nays 7, 2 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 2772 was passed by the Senate on May
  24, 2015, by the following vote:  Yeas 25, Nays 5.
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor