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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority for local governments to jointly |
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administer transportation reinvestment zones. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter E, Chapter 222, Transportation Code, |
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is amended by adding Section 222.111 to read as follows: |
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Sec. 222.111. JOINT ADMINISTRATION OF TRANSPORTATION |
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REINVESTMENT ZONES. (a) The governing bodies of two or more local |
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governments that have designated a transportation reinvestment |
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zone under Section 222.106 or 222.107 for the same transportation |
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project or projects may enter into an agreement to provide for the |
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joint administration of the transportation reinvestment zones. The |
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agreement may provide for: |
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(1) the establishment of a joint tax increment account |
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for the transportation reinvestment zones; |
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(2) separate accounts for the maintenance of funds |
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from a zone created under Section 222.106 and funds from a zone |
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created under Section 222.107; |
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(3) the commitment of each participating entity to |
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transfer the tax increment or assessment, or the portion thereof |
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dedicated to a transportation project, to an account subject to the |
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joint administration; and |
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(4) to the extent legally permitted, the pledge or |
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assignment of the tax increment or assessment to an entity |
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developing a transportation project or providing funding for a |
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transportation project. |
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(b) Notwithstanding any other law, a local government may |
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designate a transportation reinvestment zone for a transportation |
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project located outside the local government's boundaries if: |
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(1) the local government finds that: |
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(A) the project will benefit the property and |
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residents located in the zone; and |
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(B) the creation of the zone will serve a public |
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purpose of the local government; |
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(2) a zone has been designated for the same project by |
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one or more local governments in whose boundaries the project is |
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located; and |
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(3) an agreement for joint administration of the |
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designated zones is entered into under this section by: |
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(A) the local government whose boundaries do not |
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contain the project; and |
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(B) one or more of the local governments that |
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have designated a zone for the project and in whose boundaries the |
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project is located. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2013. |