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A BILL TO BE ENTITLED
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AN ACT
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relating to distribution and use of money from the Texas Enterprise |
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Fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 481.078(e-1) and (i), Government Code, |
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are amended to read as follows: |
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(e-1) To be eligible to receive a grant under this section, |
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the entity must: |
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(1) be in good standing under the laws of the state in |
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which the entity was formed or organized, as evidenced by a |
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certificate issued by the secretary of state or the state official |
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having custody of the records pertaining to entities or other |
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organizations formed under the laws of that state; [and] |
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(2) owe no delinquent taxes to a taxing unit of this |
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state; and |
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(3) submit to the governor a written commitment to: |
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(A) pay at least 110 percent of the county |
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average weekly wage for all covered employment in the county, as |
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computed by the Texas Workforce Commission; and |
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(B) provide a health benefit plan to the |
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recipient's employees. |
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(i) An entity entering into a grant agreement under this |
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section shall submit to the governor, lieutenant governor, and |
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speaker of the house of representatives: |
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(1) quarterly progress reports containing the |
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information compiled during the previous calendar quarter |
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regarding the attainment of each of the performance targets |
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specified in the agreement; and |
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(2) an annual progress report containing the |
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information compiled during the previous calendar year regarding |
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the attainment of each of the performance targets specified in the |
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agreement. |
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SECTION 2. Section 481.079, Government Code, is amended by |
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amending Subsection (a) and adding Subsection (d) to read as |
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follows: |
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(a) Before the beginning of each regular session of the |
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legislature, the governor shall submit to the lieutenant governor, |
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the speaker of the house of representatives, and each other member |
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of the legislature a report on grants made under Section 481.078 |
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that states: |
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(1) the number of direct jobs each recipient committed |
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to create in this state; |
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(2) the number of direct jobs each recipient created |
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in this state; |
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(3) the median wage of the jobs each recipient created |
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in this state; |
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(4) the amount of capital investment each recipient |
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committed to expend or allocate per project in this state; |
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(5) the amount of capital investment each recipient |
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expended or allocated per project in this state; |
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(6) the total amount of grants made to each recipient; |
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(7) the average amount of money granted in this state |
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for each job created in this state by grant recipients; |
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(8) the number of jobs created in this state by grant |
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recipients in each sector of the North American Industry |
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Classification System (NAICS); [and] |
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(9) the total amount of tax credits, local incentives, |
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and other money or credits distributed to each recipient by |
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governmental entities of this state; |
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(10) the percentage of money granted to recipients |
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with fewer than 100 employees; |
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(11) the geographical distribution of grants by |
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county; and |
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(12) the effect of grants on employment, personal |
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income, and capital investment in this state and in each regional |
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planning commission area [of the number of direct jobs each
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recipient created in this state, the number of positions created
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that provide health benefits for employees]. |
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(d) The employment and payroll information contained in the |
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report must be verified by the Texas Workforce Commission before |
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the report is submitted. The Texas Workforce Commission may |
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require a recipient of a grant under Section 481.078 to submit |
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information required to verify the employment and payroll |
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information. |
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SECTION 3. This Act takes effect September 1, 2007. |