82R23763 ALL-D
	By: Coleman	H.B. No. 3275

	A BILL TO BE ENTITLED
	AN ACT
	relating to the operation and governance of tax increment financing
	reinvestment zones.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Section 311.009(a), Tax Code, is amended to read
	as follows:
	(a)  Except as provided by Subsection (b), the board of
	directors of a reinvestment zone consists of at least five and not
	more than 15 members, unless more than 15 members are required to
	satisfy the requirements of this subsection. Each taxing unit other
	than the municipality or county that created the zone that levies
	taxes on real property in the zone may appoint one member of the
	board if the taxing unit has approved the payment of all or part of
	the tax increment produced by the unit into the tax increment fund
	for the zone. A unit may waive its right to appoint a director. The
	governing body of the municipality or county that created the zone
	may appoint not more than 10 directors to the board; except that if
	there are fewer than five directors appointed by taxing units other
	than the municipality or county, the governing body of the
	municipality or county may appoint more than 10 members as long as
	the total membership of the board does not exceed 15.
	SECTION 2.  Section 311.0091, Tax Code, is amended by
	amending Subsection (f) and adding Subsection (i) to read as
	follows:
	(f)  Except as provided by Subsection (i), to [To] be
	eligible for appointment to the board, an individual must:
	(1)  be a qualified voter of the municipality; or
	(2)  be at least 18 years of age and own real property
	in the zone or be an employee or agent of a person that owns real
	property in the zone.
	(i)  The eligibility criteria for appointment to the board
	specified by Subsection (f) do not apply to an individual appointed
	by a conservation and reclamation district:
	(1)  created under Section 59, Article XVI, Texas
	Constitution; and
	(2)  the jurisdiction of which covers four counties.
	SECTION 3.  Section 311.013(l), Tax Code, is amended to read
	as follows:
	(l)  The governing body of a municipality or county that
	designates an area as a reinvestment zone may determine, in the
	designating ordinance or order adopted under Section 311.003 or in
	the ordinance or order adopted under Section 311.011 approving the
	reinvestment zone financing plan for the zone, the portion of the
	tax increment produced by the municipality or county that the
	municipality or county is required to pay into the tax increment
	fund for the zone. If a municipality or county does not determine
	the portion of the tax increment produced by the municipality or
	county that the municipality or county is required to pay into the
	tax increment fund for a reinvestment zone, the municipality or
	county is required to pay into the fund for the zone the entire tax
	increment produced by the municipality or county, except as
	provided by Subsection (b)(1).
	SECTION 4.  Section 311.016(a), Tax Code, is amended to read
	as follows:
	(a)  On or before the 150th [90th] day following the end of
	the fiscal year of the municipality or county, the governing body of
	a municipality or county shall submit to the chief executive
	officer of each taxing unit that levies property taxes on real
	property in a reinvestment zone created by the municipality or
	county a report on the status of the zone. The report must include:
	(1)  the amount and source of revenue in the tax
	increment fund established for the zone;
	(2)  the amount and purpose of expenditures from the
	fund;
	(3)  the amount of principal and interest due on
	outstanding bonded indebtedness;
	(4)  the tax increment base and current captured
	appraised value retained by the zone; and
	(5)  the captured appraised value shared by the
	municipality or county and other taxing units, the total amount of
	tax increments received, and any additional information necessary
	to demonstrate compliance with the tax increment financing plan
	adopted by the governing body of the municipality or county.
	SECTION 5.  This Act takes effect September 1, 2011.