HBA-TYH H.B. 2614 76(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 2614 By: Counts Economic Development 4/5/1999 Introduced BACKGROUND AND PURPOSE Currently, Article 5190.6 (Development Corporation Act of 1979), V.T.C.S., allows a county or municipal corporation to charter a development corporation. There is no provision in the statute to allow a group of counties to charter a development corporation. H.B. 2614 creates a county alliance, with the same powers, functions, and authorities as currently granted to an individual county or municipality, to jointly authorize the creation of a development corporation. 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 Article 5190.6, V.T.C.S. (Development Corporation Act of 1979), by adding Section 4D, as follows: Sec. 4D. COUNTY ALLIANCE. (a) Authorizes two or more counties that are adjacent or have a commonality of interest, as determined by the governing bodies of the counties involved, to create a county alliance to authorize the creation of a corporation. Provides that the county alliance is a single unit for the purposes of this Act. Provides that the other provisions of this Act apply to the county alliance and a corporation authorized by the county alliance, except to the extent inconsistent with this section. (b) Authorizes a county to become a member of a county alliance that has authorized the creation of a corporation. Authorizes a county to leave a county alliance if all of the county's obligations and entitlements in relation to the county alliance have been properly settled. (c) Sets forth the composition of the board of directors of a corporation authorized by a county alliance. Prohibits a member of the board of directors from serving more than six years and authorizes a member to be removed at the will of the appointing county. Provides that the member serves without compensation but is entitled to reimbursement for expenses incurred in the performance of the member's duties. (d) Requires any remaining assets of a corporation, on dissolution of the corporation, to be distributed among the counties in the county alliance on a per capita basis. SECTION 2. Emergency clause. Effective date: upon passage.