S.B. No. 345         AN ACT   relating to the use of tax revenue by certain municipalities for the   payment of certain hotel-related bonds or other obligations.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 351.102(b), Tax Code, is amended to read   as follows:          (b)  An eligible central municipality, a municipality with a   population of 173,000 or more that is located within two or more   counties, a municipality with a population of 96,000 or more that is   located in a county that borders Lake Palestine or contains the   headwaters of the San Gabriel River, or a municipality with a   population of at least 99,900 but not more than 111,000 that is   located in a county with a population of at least 135,000 may pledge   the revenue derived from the tax imposed under this chapter from a   hotel project that is owned by or located on land owned by the   municipality or, in an eligible central municipality, by a   nonprofit corporation acting on behalf of an eligible central   municipality, and that is located within 1,000 feet of a convention   center facility owned by the municipality for the payment of bonds   or other obligations issued or incurred to acquire, lease,   construct, and equip the hotel and any facilities ancillary to the   hotel, including convention center entertainment-related   facilities, meeting spaces, restaurants, shops, street and water   and sewer infrastructure necessary for the operation of the hotel   or ancillary facilities, and parking facilities within 1,000 feet   of the hotel or convention center facility.  A municipality with a   population of 173,000 or more that is located within two or more   counties may pledge for the payment of bonds or other obligations   described by this subsection the revenue derived from the tax   imposed under this chapter from a hotel project not owned by or   located on land owned by the municipality if the project is located   on land that is owned by the federal government and the project is   located within 1,000 feet of a convention center facility owned by   the municipality.  For bonds or other obligations issued under this   subsection, an eligible central municipality or a municipality   described by this subsection may only pledge revenue or other   assets of the hotel project benefiting from those bonds or other   obligations.          SECTION 2.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2017.             ______________________________ ______________________________      President of the Senate Speaker of the House                 I hereby certify that S.B. No. 345 passed the Senate on   April 12, 2017, by the following vote:  Yeas 27, Nays 4.       ______________________________   Secretary of the Senate                I hereby certify that S.B. No. 345 passed the House on   May 9, 2017, by the following vote:  Yeas 137, Nays 8, two present   not voting.       ______________________________   Chief Clerk of the House            Approved:     ______________________________                Date       ______________________________              Governor