By: Rodriguez (Senate Sponsor - Watson)	H.B. No. 990
	(In the Senate - Received from the House April 27, 2011;
	May 2, 2011, read first time and referred to Committee on Economic
	Development; May 13, 2011, reported favorably by the following
	vote:  Yeas 6, Nays 0; May 13, 2011, sent to printer.)

	A BILL TO BE ENTITLED
	AN ACT
	relating to certain homestead preservation reinvestment zones.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Section 373A.1522, Local Government Code, is
	amended to read as follows:
	Sec. 373A.1522.  EFFECTIVE DATE OF ZONE.  The zone
	designated by the ordinance adopted under Section 373A.1521 takes
	effect on the date on which the county adopts a final order[:
	[(1)]  agreeing to the creation of the zone, the zone
	boundaries, and the zone termination date specified by the
	municipality under Section 373A.1521(1)[; and
	[(2)     specifying an amount of tax increment to be
	deposited by the county into the tax increment fund that is equal to
	the amount of the tax increment specified by the municipality under
	Section 373A.1521(3)].
	SECTION 2.  Section 373A.155(b), Local Government Code, is
	amended to read as follows:
	(b)  The county shall pay into the tax increment fund for the
	zone the same percentage of the tax increment produced by the county
	that [an amount equal to the tax increment paid by] the municipality
	pays into the fund [as specified in the order adopted under Section
	373A.1522].
	SECTION 3.  Subchapter D, Chapter 373A, Local Government
	Code, is amended by adding Section 373A.159 to read as follows:
	Sec. 373A.159.  COMPOSITION OF BOARD OF DIRECTORS OF
	HOMESTEAD PRESERVATION REINVESTMENT ZONES.  (a)  Notwithstanding
	Chapter 311, Tax Code, the board of directors of a homestead
	preservation reinvestment zone consists of at least 6 and not more
	than 16 members, unless more than 16 members are required to satisfy
	the requirements of this section.
	(b)  The municipality and county approving the payment of all
	or part of the tax increment into the tax increment fund each may
	appoint an equal number of members to the board.
	(c)  Members of the board are appointed for terms of two
	years unless longer terms are provided under Section 11, Article
	XI, Texas Constitution. Terms of members may be staggered.
	(d)  A vacancy on the board is filled for the unexpired term
	by appointment of the governing body of the taxing unit that
	appointed the director who served in the vacant position.
	(e)  To be eligible for appointment to the board, an
	individual must:
	(1)  be a qualified voter of the county; or
	(2)  be at least 18 years of age and own real property
	in the reinvestment zone or be an employee or agent of a person that
	owns real property in the zone.
	(f)  Each year the board of directors of a reinvestment zone
	shall elect one of its members to serve as presiding officer for a
	term of one year. The board of directors may elect an assistant
	presiding officer to preside in the absence of the presiding
	officer or when there is a vacancy in the office of presiding
	officer. The board may elect other officers as it considers
	appropriate.
	(g)  A member of the board of directors of a homestead
	preservation reinvestment zone:
	(1)  is not a public official by virtue of that
	position; and
	(2)  unless otherwise ineligible, may be appointed to
	serve concurrently on the board of directors of a local government
	corporation created under Subchapter D, Chapter 431,
	Transportation Code.
	(h)  The board of directors created in this section has the
	powers and duties prescribed by Sections 311.010 and 311.011, Tax
	Code.
	SECTION 4.  This Act takes effect September 1, 2011.
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