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Amend CSHB 2928 as follows:
(1) On page 2, line 14, strike "Subdivision (3)" and substitute "Subdivisions (3) and (4)".
(2) On page 2, between lines 19 and 20, insert the
following:
(4)(A) In this subdivision, "landlocked community"
means a city that has within its city limits and extraterritorial
jurisdiction less than 500 acres that can be used for the
development of manufacturing or industrial facilities in
accordance with the zoning laws or land use restrictions of the
city.
(B) For a landlocked community that creates or
has created a corporation governed by this section, "project" also
includes expenditures found by the board of directors to be
required for the promotion of new or expanded business enterprises
and commercial activity within the landlocked community.
(3) On page 2, line 25, strike "or" and substitute ",".
(4) On page 2, line 26, between "(3)" and "of this", insert
", or (4)".