HBA-LJP H.B. 3006 77(R)    BILL ANALYSIS


Office of House Bill AnalysisH.B. 3006
By: Uresti
Ways & Means
4/5/2001
Introduced



BACKGROUND AND PURPOSE 

Under current law, a taxing unit that levies taxes on real property in a
reinvestment zone is authorized to appoint one member to the board of
directors of the zone, and only certain taxing units are authorized to
appoint members to a board of a zone designated through petition.  Because
of the limitations of a taxing unit to appoint members to a board of
directors of a reinvestment zone, the board of directors of the zone may
not equally represent the different interests in the reinvestment zone.
House Bill 3006 provides for a taxing unit to appoint as many members to
the board of directors of a reinvestment zone as the municipality that
created the zone. 

RULEMAKING AUTHORITY

It is the opinion of the Office of House Bill Analysis that this bill does
not expressly delegate any additional rulemaking authority to a state
officer, department, agency, or institution. 

ANALYSIS

House Bill 3006 amends the Tax Code to provide that a taxing unit shall
have the right to appoint as many members as are appointed by the
municipality that created the reinvestment zone if the unit has approved
the payment of all or part of the tax increment produced by the unit. 

The bill transfers the requirement to appoint a member of the board of the
reinvestment zone as the chairman, from the governing body of the
municipality that created the reinvestment zone to the board of the
reinvestment zone. 

EFFECTIVE DATE

September 1, 2001.