Bill Text: TX HB1716 | 2019-2020 | 86th Legislature | Introduced

Texas House Bill 1716 (Prior Session Legislation)

Introduced

Bill Title: Relating to certain public facilities financed, owned, and operated by a public facility corporation.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-04-30 - Committee report sent to Calendars [HB1716 Detail]

Download: Texas-2019-HB1716-Introduced.html

	86R11576 JAM-F

	By: Flynn	H.B. No. 1716



	A BILL TO BE ENTITLED
	AN ACT
	relating to certain public facilities financed, owned, and operated
	by a public facility corporation.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 303.021, Local Government Code, is
	amended by adding Subsection (c) to read as follows:
	(c) This chapter expressly authorizes a sponsor to which
	Section 303.042(d) does not apply to create a corporation to
	finance, own, and operate a multifamily residential development
	that meets the requirements of Section 303.042(d-1).
	SECTION 2. Section 303.042, Local Government Code, is
	amended by adding Subsections (d-1) and (g) to read as follows:
	(d-1) An exemption under this section for a multifamily
	residential development that is owned by a corporation created
	under this chapter and that is not otherwise described by
	Subsection (d) applies only if the development meets the
	requirements of Subsection (d)(2) or accomplishes a governmental
	purpose of the sponsor.
	(g) For purposes of Subsections (a) and (b), if a
	corporation created under this chapter owns a multifamily
	residential development described by Subsection (d-1), the sponsor
	of the corporation is considered the user of the public facility.
	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, 2019.