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HB 94, 67th 1st C.S.

Relating to the powers and duties of cities with respect to tax increment financing; authorizing the use of tax increment financing for the development and redevelopment of blighted areas and federal assisted new communities; declaring the objective of certain activites undertaken in conjunction with the development and redevelopment of such areas to be public purposes; providing procedures for the implementation of development and redevelopment programs; authorizing cities to issue tax increment bonds to finance such programs; providing severability.

Last action: No action taken

Author: Steven Wolens

Remarks: Pending in House committee 7/28/81.

Companion:

SB 16 (Identical)

Subjects:
Economic & Industrial Development--General
ECONOMICALLY DISTRESSED AREAS
Special Districts & Authorities--Miscellaneous
TAX INCREMENT ACT OF 1981, TEXAS
Taxation--City

House Committee: Business & Industry () Minutes: July 28 1981

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