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<br />legislation that would adversely affect the future use of sales tax revenue to support business <br /> <br />development in the contracting cities. The people of each of the contracting cities have heretofore <br /> <br /> <br />adopted, by election, an economic development sales tax of up to one-half cent and have created <br /> <br /> <br />corporations under the Development Corporation Act of 1979. Each of such corporations has <br /> <br /> <br />been formed and is operating under the provisions of either Section 4A or 4B of that Act. Over <br /> <br />three hundred cities of the State of Texas have adopted the additional sales tax for the purpose of <br /> <br />encouraging economic development or to support economic, park and open space, and sports <br /> <br />complex development. <br /> <br />6. The CCED is formed for the following specific purposes: <br /> <br />a. To actively oppose legislation that reduces local control of the 4A and the 4B sales <br /> <br />tax receipts; <br /> <br />b. To monitor tax abatement legislation and to oppose, if necessary, inequity in the <br /> <br />treatment of cities; <br /> <br />c. To identify and promote the best practices for the economic development of cities <br /> <br />which have taken advantage of the sales tax program; <br /> <br />d. To employ a professional consultant for the CCED to interact with the Texas <br /> <br />Legislature during the 1997 Session, the 75th Legislature, to promote the general and <br /> <br />specific purposes of the CCED; and, <br /> <br />e. To encourage statewide organizations such as the Texas Municipal League and the <br /> <br />Texas Economic Development Council to support the CCED efforts and to either oppose <br /> <br />or remain neutral on legislative attempts to restrict the economic development capabilities <br /> <br />of the cities. <br /> <br />4 <br />