Public facility corporations

Texas Senate Bill 2767, introduced by Senator Molly Cook in March 2025, aimed to regulate public facility corporations (PFCs) by restricting their ability to transfer tax exemptions. Specifically, the bill proposed that a PFC could not transfer a tax exemption to another entity unless it transferred substantially all of its assets in the same transaction. The bill was referred to the Senate Local Government Committee on April 3, 2025, but did not progress further and died in committee.

Positive media analysis is being generated.

Although direct media critiques of SB2767 are not found, opponents might have argued that the bill could limit the flexibility of PFCs in managing their assets and tax benefits. They may have contended that such restrictions could hinder the ability of PFCs to adapt to changing circumstances or to collaborate with other entities in ways that could be beneficial for public projects.