79th Texas Legislature, Regular Session, Senate Bill 771, Chapter 1347 Page: 2 of 8
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S.B. No. 771
1 (H) conditions that endanger life or property by
2 fire or other cause; or
3 (I) structures, other than single-family
4 residential structures, less than 10 percent of the square footage
5 of which has been used for commercial, industrial, or residential
6 purposes during the preceding 12 years, if the municipality has a
7 population of 100,000 or more;
8 (2) be predominantly open and, because of obsolete
9 platting, deterioration of structures or site improvements, or
10 other factors, substantially impair or arrest the sound growth of
11 the municipality; [e]
12 (3) be in a federally assisted new community located
13 in the municipality or in an area immediately adjacent to a
14 federally assisted new community; or
15 (5) be an area described in a petition requesting that
16 the area be designated as a reinvestment zone, if the petition is
17 submitted to the governing body of the municipality by the owners of
18 property constituting at least 50 percent of the appraised value of
19 the property in the area according to the most recent certified
20 appraisal roll for the county in which the area is located.
21 SECTION 2. Section 311.008, Tax Code, is amended by adding
22 Subsection (e) to read as follows:
23 (e) The implementation of a project plan to alleviate a
24 condition described by Section 311.005(a)(l), (2)U, or (3) and to
25 promote development or redevelopment of a reinvestment zone in
26 accordance with this chapter serves a public purpose.
27 SECTION 3. Chapter 311, Tax Code, is amended by adding2
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Texas. Legislature. Senate. 79th Texas Legislature, Regular Session, Senate Bill 771, Chapter 1347, legislative document, June 18, 2005; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth157884/m1/2/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.