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A BILL TO BE ENTITLED
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AN ACT
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relating to industrial development corporations. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2(11)(A), Development Corporation Act of |
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1979 (Article 5190.6, Vernon's Texas Civil Statutes), is amended to |
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read as follows: |
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(A) "Project" shall mean the land, buildings, |
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equipment, facilities, expenditures, targeted infrastructure, and |
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improvements (one or more) that are for the creation or retention of |
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primary jobs and that are found by the board of directors to be |
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required or suitable for the development, retention, or expansion |
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of manufacturing and industrial facilities, research and |
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development facilities, medical facilities, transportation |
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facilities including but not limited to airports, ports, mass |
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commuting facilities, and parking facilities), sewage or solid |
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waste disposal facilities, recycling facilities, air or water |
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pollution control facilities, facilities for the furnishing of |
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water to the general public, distribution centers, small warehouse |
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facilities capable of serving as decentralized storage and |
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distribution centers, primary job training facilities for use by |
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institutions of higher education, and regional or national |
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corporate headquarters facilities. |