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  89R1776 MCF-D     By: Bettencourt S.B. No. 2518       A BILL TO BE ENTITLED   AN ACT   relating to the authority of certain special districts and   corporations created by certain special districts to exercise   certain rights and powers outside district boundaries.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subtitle Z, Title 10, Government Code, is   amended by adding Chapter 3001 to read as follows:   CHAPTER 3001. LIMITATION OF RIGHTS AND POWERS OF CERTAIN SPECIAL   DISTRICTS AND CORPORATIONS           Sec. 3001.001.  DEFINITIONS. In this chapter:                 (1)     "Corporation" and "special district" have the   meanings assigned by Section 303.003, Local Government Code.                 (2)     "Private entity" has the meaning assigned by   Section 2267.001.           Sec.   3001.002.     CERTAIN RIGHTS AND POWERS LIMITED TO   BOUNDARIES. (a) Notwithstanding any other law and except as   provided by Subsection (d), on or after September 1, 2025:                 (1)     a special district or a corporation created by a   special district may not acquire, purchase, construct,   rehabilitate, renovate, repair, equip, furnish, finance, own, or   lease a multifamily residential development located outside the   district's boundaries; and                 (2)     a corporation created by a special district may   not grant a leasehold or other possessory interest in real property   outside the district's boundaries to a private entity if the   leasehold or other interest would result in an exemption from ad   valorem taxation under Section 303.042, Local Government Code, for   the private entity.           (b)     A contract, agreement, or action of a special district   or a corporation created by a special district that violates   Subsection (a) is void.           (c)     This section prevails over a special law governing a   special district.           (d)     This chapter does not diminish or impair the rights of   the holders of any outstanding and unpaid debts, bonds, warrants,   or other obligations of a special district or a corporation created   by a special district. After September 1, 2025, a special district   or a corporation created by a special district may continue to   exercise a right or power prohibited by Subsection (a) outside the   district as provided by other law only as necessary to pay or   fulfill any outstanding and unpaid debts, bonds, warrants, 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, 2025.