H.B. No. 2761
  relating to the authority of a defense base development authority
  to participate in a company or partnership organized to finance
  redevelopment projects.
         SECTION 1.  Section 379B.004(a), Local Government Code, is
  amended to read as follows:
         (a)  An authority may exercise power necessary or convenient
  to carry out a purpose of this chapter, including the power to:
               (1)  adopt an official seal, or alter it;
               (2)  adopt rules;
               (3)  enter into a contract or incur a liability;
               (4)  acquire and dispose of money;
               (5)  select a depository;
               (6)  establish a system of accounts for the authority;
               (7)  invest funds in accordance with Chapter 2256,
  Government Code;
               (8)  set the fiscal year for the authority;
               (9)  adopt an annual operating budget for major
  expenditures before the beginning of the fiscal year;
               (10)  borrow money or issue a bond in an amount that
  does not exceed the maximum amount set by the board;
               (11)  loan money;
               (12)  acquire, lease, lease-purchase, convey, grant a
  mortgage on, or otherwise dispose of a property right, including a
  right regarding base property;
               (13)  lease property located on the base property to a
  person to effect the purposes of this chapter;
               (14)  request and accept a donation, grant, guaranty,
  or loan from any source permitted by law;
               (15)  operate and maintain an office;
               (16)  charge for the use, lease, or sale of an open
  space or a facility;
               (17)  exercise a power granted to a municipality by
  Chapter 380;
               (18)  authorize by resolution the incorporation of a
  nonprofit airport facility financing corporation as provided and
  authorized by Subchapter E, Chapter 22, Transportation Code, to
  provide financing to pay the costs, including interest, and
  reserves for the costs of an airport facility authorized by that
  chapter and for other purposes set forth in the articles of
               (19)  exercise the powers granted to a local government
  for the financing of facilities to be located on airport property,
  including those set out in Chapter 22, Transportation Code,
  consistent with the requirements and the purposes of Section 52-a,
  Article III, Texas Constitution;
               (20)  lease, own, and operate an airport and exercise
  the powers granted to municipalities and counties by Chapter 22,
  Transportation Code;
               (21)  lease, own, and operate port facilities for air,
  trucking, and rail transportation;
               (22)  provide security for port functions, facilities,
  and operations; [and]
               (23)  cooperate with and participate in programs and
  security efforts of this state and the federal Department of
  Homeland Security; and
               (24)  participate as a member or partner of a limited
  liability company, a limited liability partnership, or other entity
  organized to finance a project designated as a redevelopment
  project under Section 379B.009.
         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.
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
         I certify that H.B. No. 2761 was passed by the House on April
  20, 2017, by the following vote:  Yeas 136, Nays 7, 3 present, not
  voting; and that the House concurred in Senate amendments to H.B.
  No. 2761 on May 21, 2017, by the following vote:  Yeas 128, Nays 9,
  3 present, not voting.
  Chief Clerk of the House   
         I certify that H.B. No. 2761 was passed by the Senate, with
  amendments, on May 19, 2017, by the following vote:  Yeas 29, Nays
  Secretary of the Senate   
  APPROVED: __________________