Bill Text: TX SB1861 | 2019-2020 | 86th Legislature | Enrolled
Bill Title: Relating to certain public facilities financed, owned, and operated by a public facility corporation.
Spectrum: Bipartisan Bill
Status: (Vetoed) 2019-06-15 - Vetoed by the Governor [SB1861 Detail]
Download: Texas-2019-SB1861-Enrolled.html
| S.B. No. 1861 | ||
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| 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. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I hereby certify that S.B. No. 1861 passed the Senate on | ||
| April 17, 2019, by the following vote: Yeas 31, Nays 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.B. No. 1861 passed the House on | ||
| May 21, 2019, by the following vote: Yeas 101, Nays 44, one | ||
| present not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| Approved: | ||
| ______________________________ | ||
| Date | ||
| ______________________________ | ||
| Governor | ||
