Journal of the Senate of Texas: 83rd Legislature, Regular Session, Tuesday, May 7, 2013 Page: 1,519
76 p.View a full description of this legislative document.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
any part of the tax increment account has been assigned or pledged directly by the
municipality or through another entity to secure bonds or other obligations issued to
obtain funding or development of a [the] project, and property may not be added to a
designated zone unless the governing body of the municipality complies with
Subsections (e) and (g).
(j) Except as provided by Subsections (i-1) and (k), a transportation
reinvestment zone terminates on December 31 of the year in which the municipality
completes:
(1) all [a] contractual requirements [rquiremont-if-n,] that included the
pledge or assignment of all or a portion of money deposited to a tax increment
account; or
(2) the repayment of money owed under an agreement for development,
redevelopment, or improvement of the project or projects for which the zone was
designated.
SECTION 4. Sections 222.107(b), (c), (e), (f), (k-1), and (1), Transportation
Code, are amended to read as follows:
(b) This section applies only to a county in which a transportation project is to
be developed under Section 222.104 or 222.108.
(c) The commissioners court of the county, after determining that an area is
unproductive and underdeveloped and that action under this section would further the
purposes described by Section 222.105, by order or resolution may designate a
contiguous geographic area in the jurisdiction of the county to be a transportation
reinvestment zone to promote one or more [a] transportation projects [prejeet-aad-fef
(e) Not later than the 30th day before the date the commissioners court proposes
to designate an area as a transportation reinvestment zone under this section, the
commissioners court must hold a public hearing on the creation of the zone, its
benefits to the county and to property in the proposed zone, and the possible
abatement of ad valorem taxes or the grant of other relief from ad valorem taxes
imposed by the county on real property located in the zone. At the hearing an
interested person may speak for or against the designation of the zone, its boundaries,
or the possible abatement of or the relief from county taxes on real property in the
zone. Not later than the seventh day before the date of the hearing, notice of the
hearing and the intent to create a zone must be published in a newspaper having
general circulation in the county.
(f) The order or resolution designating an area as a transportation reinvestment
zone must:
(1) describe the boundaries of the zone with sufficient definiteness to
identify with ordinary and reasonable certainty the territory included in the zone;
(2) provide that the zone takes effect immediately on adoption of the order
or resolution and that the base year shall be the year of passage of the order or
resolution or some year in the future;1519
Tuesday, May 7, 2013
SENATE JOURNAL
Upcoming Pages
Here’s what’s next.
Search Inside
This document can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Legislative Document.
Texas. Legislature. Senate. Journal of the Senate of Texas: 83rd Legislature, Regular Session, Tuesday, May 7, 2013, legislative document, May 7, 2013; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth640927/m1/15/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.