Bill Text: TX SB1674 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to the composition of the board of directors of certain tax increment financing reinvestment zones.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-03-23 - Referred to Economic Development [SB1674 Detail]
Download: Texas-2011-SB1674-Introduced.html
| 82R10714 ALL-D | ||
| By: Gallegos | S.B. No. 1674 | |
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| relating to the composition of the board of directors of certain tax | ||
| increment financing reinvestment zones. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 311.007(b), Tax Code, is amended to read | ||
| as follows: | ||
| (b) The governing body of the municipality or county may | ||
| enlarge an existing reinvestment zone to include an area described | ||
| in a petition requesting that the area be included in the zone if | ||
| the petition is submitted to the governing body of the municipality | ||
| or county by the owners of property constituting at least 50 percent | ||
| of the appraised value of the property in the area according to the | ||
| most recent certified appraisal roll for the county in which the | ||
| area is located. The composition of the board of directors of the | ||
| zone continues to be governed by Section 311.009(a), (a-1), or (b), | ||
| whichever applied to the zone immediately before the enlargement of | ||
| the zone, except that the membership of the board must conform to | ||
| the requirements of the applicable subsection of Section 311.009 as | ||
| applied to the zone after its enlargement. The provision of | ||
| Section 311.006(b) relating to the amount of property used for | ||
| residential purposes that may be included in the zone does not apply | ||
| to the enlargement of a zone under this subsection. | ||
| SECTION 2. Section 311.009, Tax Code, is amended by | ||
| amending Subsections (a) and (e) and adding Subsection (a-1) to | ||
| read as follows: | ||
| (a) Except as provided by Subsections (a-1) and | ||
| [ |
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| 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. 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. | ||
| (a-1) Except as provided by Subsection (b), if the zone is | ||
| wholly or partly located in a municipality with a population of two | ||
| million or more, the board of directors of the zone consists of at | ||
| least five and not more than 17 members, unless more than 17 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. A unit may waive its right to appoint a | ||
| director. The member of the state senate in whose district the zone | ||
| is located is a member of the board, and the member of the state | ||
| house of representatives in whose district the zone is located is a | ||
| member of the board, except that either may designate another | ||
| individual to serve in the member's place at the pleasure of the | ||
| member. If the zone is located in more than one senate or house | ||
| district, this subsection applies only to the senator or | ||
| representative in whose district a larger portion of the zone is | ||
| located than any other senate or house district, as applicable. 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 17. | ||
| (e) To be eligible for appointment to the board by the | ||
| governing body of the municipality or county that created the zone, | ||
| an individual must: | ||
| (1) if the board is covered by Subsection (a) or (a-1): | ||
| (A) be a qualified voter of the municipality or | ||
| county, as applicable; or | ||
| (B) be at least 18 years of age and own real | ||
| property in the zone, whether or not the individual resides in the | ||
| municipality or county; or | ||
| (2) if the board is covered by Subsection (b): | ||
| (A) be at least 18 years of age; and | ||
| (B) own real property in the zone or be an | ||
| employee or agent of a person that owns real property in the zone. | ||
| 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, 2011. | ||
