78R3632 KSD-D
By: Shapleigh S.B. No. 785
A BILL TO BE ENTITLED
AN ACT
relating to the compilation of information regarding economic
development incentives by local workforce development boards.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter G, Chapter 2308, Government Code, is
amended by adding Section 2308.320 to read as follows:
Sec. 2308.320. INFORMATION REGARDING ECONOMIC DEVELOPMENT
INCENTIVES. (a) Each board shall compile and periodically update
information regarding economic development incentives, including
information regarding tax credits and abatements, offered in the
area served by the board.
(b) Each board shall make the information compiled under
this section available to the public.
SECTION 2. Each local workforce development board shall
implement Section 2308.320, Government Code, as added by this Act,
not later than February 1, 2004.
SECTION 3. 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, 2003.