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SB 635, 65th R.S.

Relating to the powers and duties of municipalities with respect to tax increment financing; authorizing the use for tax increment financing for the redevelopment of blighted commercial areas; declaring the objective of certain activities undertaken in conjunction with the redevelopment of commercial areas to be public purposes; providing procedures for the implementation of redevelopment programs; authorizing municipalities to issue tax increment bonds to finance redevelopment programs; providing severability.

Last action: Signed by Governor

Author: Ray Farabee
Sponsor: Bob Bush

Remarks: Remarks concerning, 5/19/77, HJ pg 3317. Effective when SJR 44 is adopted.

Session Law Chapter:
Acts 1977, 65th R.S.,ch. 361, General and Special Laws of Texas

Companion:

HB 1503 (Identical)

Bill Analyses:
Committee Report (House Study Group)

Subjects:
City Government--General
Economic & Industrial Development--General
ECONOMICALLY DISTRESSED AREAS
Special Districts & Authorities--Miscellaneous
Taxation--Property-Miscellaneous

House Committee: Ways & Means ()
Minutes: May 5 1977
Senate Committee: Intergovernmental Relations ()
Minutes: March 22 1977

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