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Senate Bill 1214 |
Senate Author: Schwertner |
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Effective: 6-14-13 |
House Sponsor: Darby |
Senate Bill 1214 amends the Agriculture Code and Transportation Code to revise and update provisions relating to economic development programs administered by the Department of Agriculture. Among other provisions, the bill establishes the Texas economic development fund, consisting of allocations, appropriations, and other money for use by the department in establishing a new economic development program or maintaining an existing program. The bill revises the Texas certified retirement community program to provide department assistance as determined by department rule, rather than by statute, and it revises the interest rate reduction program to include fostering the development or expansion of businesses in rural areas of Texas among the purposes of the program.