Bill Text: TX HB1290 | 2013-2014 | 83rd Legislature | Engrossed

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Bill Title: Relating to the authority for local governments to jointly administer transportation reinvestment zones.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2013-04-18 - Referred to Transportation [HB1290 Detail]

Download: Texas-2013-HB1290-Engrossed.html

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By: Phillips H.B. No. 1290

A BILL TO BE ENTITLED
AN ACT
relating to the authority for local governments to jointly
administer transportation reinvestment zones.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter E, Chapter 222, Transportation Code,
is amended by adding Section 222.111 to read as follows:
Sec. 222.111. JOINT ADMINISTRATION OF TRANSPORTATION
REINVESTMENT ZONES. (a) The governing bodies of two or more local
governments that have designated a transportation reinvestment
zone under Section 222.106 or 222.107 for the same transportation
project or projects may enter into an agreement to provide for the
joint administration of the transportation reinvestment zones. The
agreement may provide for:
(1) the establishment of a joint tax increment account
for the transportation reinvestment zones;
(2) separate accounts for the maintenance of funds
from a zone created under Section 222.106 and funds from a zone
created under Section 222.107;
(3) the commitment of each participating entity to
transfer the tax increment or assessment, or the portion thereof
dedicated to a transportation project, to an account subject to the
joint administration; and
(4) to the extent legally permitted, the pledge or
assignment of the tax increment or assessment to an entity
developing a transportation project or providing funding for a
transportation project.
(b) Notwithstanding any other law, a local government may
designate a transportation reinvestment zone for a transportation
project located outside the local government's boundaries if:
(1) the local government finds that:
(A) the project will benefit the property and
residents located in the zone; and
(B) the creation of the zone will serve a public
purpose of the local government;
(2) a zone has been designated for the same project by
one or more local governments in whose boundaries the project is
located; and
(3) an agreement for joint administration of the
designated zones is entered into under this section by:
(A) the local government whose boundaries do not
contain the project; and
(B) one or more of the local governments that
have designated a zone for the project and in whose boundaries the
project is located.
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, 2013.