TITLE: Relating to the authority of certain municipalities to use certain tax revenue for a hotel and convention center project and to receive certain tax revenue related to the project.

SUMMARY: Relating to the authority of certain municipalities to use certain tax revenue for a hotel and convention center project and to receive certain tax revenue related to the project.

FULL TEXT:
AN ACT relating to the authority of certain municipalities to use certain tax revenue for a hotel and convention center project and to receive certain tax revenue related to the project. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 351.155(d), Tax Code, is amended to read as follows: (d) Subsection (c) does not apply to:(1) a municipality with a population of 175,000 or more;or (2) a municipality described by Section 351.152(12) that has a population of 130,000 or more.SECTION 2. Section 351.157, Tax Code, is amended by adding Subsection (b-1) to read as follows: (b-1) In addition to the municipalities described by Subsection (b), this section applies to a municipality described by Section 351.155(d)(2). 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.