HBA-MPA H.B. 1125 76(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 1125 By: Solis, Juan Land & Resource Management 2/24/1999 Introduced BACKGROUND AND PURPOSE The Greater Kelly Development Corporation (GKDC) is the local redevelopment authority created by the City of San Antonio to develop a major industrial tract of land owned by the Air Force, once the Air Force abandons use of the property. The city desires the ability to convey to GKDC property which abuts the area being developed by GKDC. The city would also like the authority to convey the property at less than fair market value, and it is not clear that the city has the authority to do so. H.B. 1125 provides for the conveyance of property to a municipally created development corporation if the property is adjacent to the area designated to be developed by the corporation. The bill will also resolve and clarify a city's authority to convey property at less than fair market value. 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. SECTION BY SECTION ANALYSIS SECTION 1. Amends Chapter 253, local Government Code, by adding Section 253.009, as follows: Sec. 253.009. CONVEYANCE OF ADJOINING PROPERTY TO MUNICIPAL DEVELOPMENT CORPORATION. Authorizes a municipality to convey real property that is adjacent to an area designated for development by a municipally created economic development corporation, including one organized under the Development Corporation Act of 1979 (Article 5190.6, V.T.C.S.), to that corporation. Authorizes a municipality to convey property under this section for any fair consideration, provided that the governing body adopts an ordinance describing the property to be conveyed and stating the consideration paid. Authorizes a municipality to convey the property without complying with the other notice or bidding requirements in Section 272.001 (Notice of Sale or Exchange of Land by Political Subdivision; Exceptions). SECTION 2. Emergency clause. Effective date: upon passage.