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CS/CS/HB 1151: Financing Improvements to Real Property

GENERAL BILL by Local Administration, Federal Affairs & Special Districts Subcommittee ; Energy, Communications & Cybersecurity Subcommittee ; Amesty

Financing Improvements to Real Property; Authorizes residential or commercial property owner to apply to local government for funding to finance improvement & to enter into financing agreement with local government; provides that non-ad valorem assessment on certain commercial property is subject to certain fee; specifies requirements of financing agreement for government commercial property; specifies determinations local government must make before entering into such financing agreement; authorizes financing agreement to be executed for commercial property; restricts what improvements may be covered in certain agreements between local governments & commercial property owners; specifies requirements for local government before entering into financing agreement.

Effective Date: 7/1/2023
Last Action: 5/5/2023 House - Died in Commerce Committee
Bill Text: PDF



Bill History

Date Chamber Action
2/24/2023 House • Filed
3/6/2023 House • Referred to Energy, Communications & Cybersecurity Subcommittee
• Referred to Local Administration, Federal Affairs & Special Districts Subcommittee
• Referred to Ways & Means Committee
• Referred to Commerce Committee
• Now in Energy, Communications & Cybersecurity Subcommittee
3/7/2023 House • 1st Reading (Original Filed Version)
3/9/2023 House • Added to Energy, Communications & Cybersecurity Subcommittee agenda
3/13/2023 House • Favorable with CS by Energy, Communications & Cybersecurity Subcommittee
• Reported out of Energy, Communications & Cybersecurity Subcommittee
3/14/2023 House • Laid on Table under Rule 7.18(a)
• CS Filed
3/15/2023 House • Referred to Local Administration, Federal Affairs & Special Districts Subcommittee
• Referred to Ways & Means Committee
• Referred to Commerce Committee
• Now in Local Administration, Federal Affairs & Special Districts Subcommittee
• 1st Reading (Committee Substitute 1)
3/27/2023 House • Added to Local Administration, Federal Affairs & Special Districts Subcommittee agenda
3/29/2023 House • Favorable with CS by Local Administration, Federal Affairs & Special Districts Subcommittee
3/30/2023 House • Reported out of Local Administration, Federal Affairs & Special Districts Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
• 1st Reading (Committee Substitute 2)
3/31/2023 House • Referred to Ways & Means Committee
• Referred to Commerce Committee
• Now in Ways & Means Committee
4/10/2023 House • Added to Ways & Means Committee agenda
4/12/2023 House • Favorable by Ways & Means Committee
• Reported out of Ways & Means Committee
• Now in Commerce Committee
5/5/2023 House • Died in Commerce Committee