79R9150 DWS-D

By:  Van de Putte                                                 S.B. No. 1109



A BILL TO BE ENTITLED

AN ACT

relating to use of the money from the Texas Enterprise Fund to 
benefit small-business concerns.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  The vital importance of small-business concerns 
to the economy of this state and the well-being of its residents 
requires that it be the policy of this state to encourage the 
creation of small-business concerns and promote opportunities for 
those concerns to prosper.
	SECTION 2.  Section 481.078, Government Code, is amended by 
adding Subsection (g) to read as follows:
	(g)  At least 25 percent of the total amount of grants made 
from the fund must be made to recipients that are small-business 
concerns or that commit to using the grants to create new 
small-business concerns.  For the purposes of this subsection 
"small-business concern" has the meaning provided by 15 U.S.C. 
Section 632(a).
	SECTION 3.  This Act takes effect September 1, 2005.