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A BILL TO BE ENTITLED
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AN ACT
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relating to the use by certain tax-exempt organizations of certain |
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payments made in connection with real property transfers to provide |
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educational activities through certain schools. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 5.202(c), Property Code, is amended to |
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read as follows: |
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(c) The benefit described by Subsection (b)(9)(C) may |
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collaterally benefit: |
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(1) a community composed of: |
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(A) [(1)] property that is adjacent to the |
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encumbered property; or |
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(B) [(2)] property a boundary of which is not |
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more than 1,000 yards from a boundary of the encumbered property; or |
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(2) with respect to a payment to a school for |
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educational activities, property not described by Subdivision (1) |
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if: |
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(A) the encumbered property is located within the |
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school's assigned attendance zone; and |
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(B) the direct benefit to the encumbered property |
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is substantial. |
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SECTION 2. This Act takes effect September 1, 2017. |