79R890 CLG-D
By: Phillips H.B. No. 551
A BILL TO BE ENTITLED
AN ACT
relating to a project of a development corporation in connection
with a primary job.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2(17), Development Corporation Act of
1979 (Article 5190.6, Vernon's Texas Civil Statutes), is amended to
read as follows:
(17) "Primary job" means a job that is:
(A) available at a company for which a majority
of the products or services of that company are ultimately exported
to regional, statewide, national, or international markets
infusing new dollars into the local economy; and
(B) included in one of the following sectors of
the North American Industry Classification System (NAICS): NAICS Sector # Description
111 Crop Production
112 Animal Production
113 Forestry and Logging
11411 Commercial Fishing
115 Support Activities for Agriculture and
Forestry
211-213 Mining
221 Utilities
311-339 Manufacturing
42 Wholesale Trade
48-49 Transportation and Warehousing
51 (excluding 512131 Information (excluding movie theaters and
and 512132) drive-in theaters)
523-525 Securities, Commodity Contracts, and Other Financial Investments and Related Activities; Insurance Carriers and Related Activities; Funds, Trusts, and Other Financial Vehicles
5413, 5415, 5416, Scientific Research and Development Services
5417, and 5419
551 Management of Companies and Enterprises
56142 Telephone Call Centers
922140 Correctional Institutions
SECTION 2. 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, 2005.