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07 Kammer EZ Request
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07 Kammer EZ Request
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Last modified
9/12/2012 10:46:03 AM
Creation date
1/12/2002 6:19:50 PM
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Template:
AGENDA
Item Number
7
AGENDA - Type
DIRECTION TO STAFF
Description
Kammer application for Tax Abatement
AGENDA - Date
1/14/2002
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Government Code - CHAPTER 2303 Page 26 of 28 <br />(6) establish simplified, accelerated, or other special permit procedures for businesses in the zone; <br />(7) waive development fees for projects in the zone; <br />(8) create a local enterprise zone fund for funding bonds or other programs or activities to develop or <br />revitalize the zone; <br />(9) for qualified businesses in the zone, reduce rates charged by: <br />(A) a utility owned by the municipality or county, as appropriate; or <br />(B) a cooperative corporation or utility owned by private investors, subj ect to the requirements of <br />Subsection (b); <br />(10) in issuing housing finance bonds, give priority to persons or projects in the zone; <br />(11) in providing services, give priority to local economic development, educational, job training, or <br />transportation programs that benefit the zone; or <br />(12) sell real property owned by the municipality or county, as appropriate, and located in the <br />enterprise zone in accordance with Section 2303.513. <br />(b) A reduction in utility rates under Subsection (a)(9)(B) is subject to the agreement of the affected <br />utility and the approval of the appropriate regulatory authority. The rates may be reduced up to but not <br />more than five percent below the lowest rate authorized for a person described by Subsection (a)(9)(B). <br />A qualified enterprise project or the governing body of the enterprise zone may petition the appropriate <br />utility and the appropriate regulatory authority to receive a reduced rate under this section, and the <br />regulatory authority may order that rates be reduced. In making its determination under this section, the <br />regulatory authority shall consider revitalization goals for the enterprise zone. In setting the rates of the <br />utility the appropriate regulatory authority shall allow the utility to recover the amount of the reduction. <br />Added by Acts 1993, 73rd Leg., ch. 268, § 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. <br />985, § 8, eff. Sept. 1, 1995; Acts 1999, 76th Leg., ch. 1121, § 5, eff. Sept. 1, 1999. <br />§ 2303.512. Lease of Public Property to Neighborhood Enterprise Association <br />(a) The state or a local government may lease to a neighborhood enterprise association real property <br />located in the association's geographical neighborhood area that is owned by the governmental entity <br />and that is not being used by the entity. <br />(b) The lease must be for a term of not less than 20 years and the full amount of the rental fees under <br />the lease may not exceed $1 a year. <br />(c) The state or local government shall renew the lease on its expiration if the association has <br />continuously complied with Subchapter E during the lease term. <br />Added by Acts 1993, 73rd Leg., ch. 268, § 1, eff. Sept. 1, 1993. <br />§ 2303.513. Disposition of Public Property in Enterprise Zone <br />://www.capitol.state.tx.us/statutes/go/go230300.html 1/12/2002 <br />
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