By: Jackson S.B. No. 25
A BILL TO BE ENTITLED
AN ACT
relating to certain projects under the Development Corporation Act
of 1979.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2(11)(A), Development Corporation Act of
1979 (Article 5190.6, Vernon's Texas Civil Statutes), is amended to
read as follows:
(A) "Project" shall mean the land, buildings,
equipment, facilities, expenditures, targeted infrastructure, and
improvements (one or more) that are for the creation or retention of
primary jobs and that are found by the board of directors to be
required or suitable for the development, retention, or expansion
of manufacturing and industrial facilities, research and
development facilities, transportation facilities (including but
not limited to airports, ports, mass commuting facilities, and
parking facilities), sewage or solid waste disposal facilities,
recycling facilities, air or water pollution control facilities,
facilities for the furnishing of water to the general public,
distribution centers, small warehouse facilities capable of
serving as decentralized storage and distribution centers, primary
job training facilities for use by institutions of higher
education, and regional or national corporate headquarters
facilities.
"Project" also includes job training required or
suitable for the promotion of development and expansion of business
enterprises and other enterprises described by this Act, as
provided by Section 38 of this Act.
"Project" also includes expenditures found by the board
of directors to be required or suitable for infrastructure
necessary to promote or develop new or expanded business
enterprises limited to streets and roads, rail spurs, water and
electric utilities, gas utilities, drainage and related
improvements, and telecommunications and Internet improvements.
"Project" also includes costs or expenditures found by
the board of directors of a corporation, other than a corporation
organized under Section 4A or Section 4B hereof, to be required or
suitable for the development, retention, or expansion of solid
waste disposal facilities.