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Amend CSSB 15 as follows:                                                    
	(1)  In SECTION 2 of the bill (commitee printing, page 1, line 
19 through line 24), strike Subsection (a) and substitute the 
following:
	(a)  The Texas Department of Economic Development may spend 
money from the smart jobs fund for the purpose of making grants to 
businesses or local governmental entities in connection with 
providing incentives for businesses to locate an operation within 
Texas.  A business or local governmental entity that receives a 
grant may spend the money to provide job training to the employees 
of a business that locates in Texas, to develop transportation 
infrastructure reasonably expected to help induce a business to 
locate in Texas, and for other business location incentives.  The 
department shall adopt rules or develop procedures to implement 
this Act.
	(2)  In SECTION 2 of the bill (committee printing, page 1, 
between lines 24 and 25), add a new Subsection (b) to read as 
follows and reletter subsections accordingly:
	(b)  A grant awarded under this section is contingent on the 
recipient meeting certain criteria relating to the purposes for 
which the grant is made.  Before awarding a grant under this 
section, the Texas Department of Economic Development must enter 
into a written agreement with the business or local governmental 
entity being awarded the grant specifying that:
(1)  if all or any portion of the amount of the grant is 
used to build infrastructure or make any other type of capital 
improvement, the grant recipient must:
(A)  retain a lien or other interest in the 
capital improvement in proportion to the percentage of the grant 
amount used to pay for the capital improvement; and
(B)  ensure that if the capital improvement is 
sold, the grant recipient repays the department, with interest at 
the agreed rate and terms, any state money used to pay for the 
capital improvement and shares with this state a proportionate 
amount of any profit realized from the sale; and
(2)  if the grant recipient fails to use an amount 
awarded under this section for any of the purposes for which the 
grant was intended, the recipient shall immediately repay that 
amount and any related interest to this state the agreed rate and 
terms.
	(3)  In SECTION 2(b) of the bill (committee printing, page 1, 
lines 32 and 33), strike "for business location incentives" and 
substitute "for the purpose of making a grant to one or more local 
governmental entities to develop a rail line that is reasonably 
expected to help induce a business to locate in Texas."
	(4)  In SECTION 2(c) of the bill (committee printing, page 1, 
line 38), strike "for business location incentives" and substitute 
"for the purpose of making a grant to one or more local governmental 
entities to develop a rail line that is reasonably expected to help 
induce a business to locate in Texas."