|
|
|
|
AN ACT
|
|
relating to use of the money from the Texas Enterprise Fund to |
|
benefit certain small businesses and certain projects. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. The vital importance of small businesses 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 development and |
|
location of small businesses in this state and promote |
|
opportunities for those businesses to prosper. |
|
SECTION 2. Section 481.078, Government Code, is amended by |
|
adding Subsections (k) and (l) to read as follows: |
|
(k) To encourage the development and location of small |
|
businesses in this state, the governor shall consider making grants |
|
from the fund: |
|
(1) to recipients that are small businesses in this |
|
state that commit to using the grants to create additional jobs; |
|
(2) to recipients that are small businesses from |
|
outside the state that commit to relocate to this state; or |
|
(3) for individual projects that create 100 or fewer |
|
additional jobs. |
|
(l) For purposes of Subsection (k), "small business" means a |
|
legal entity, including a corporation, partnership, or sole |
|
proprietorship, that: |
|
(1) is formed for the purpose of making a profit; |
|
(2) is independently owned and operated; and |
|
(3) has fewer than 100 employees. |
|
SECTION 3. 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, 2009. |
|
|
|
______________________________ |
______________________________ |
|
President of the Senate |
Speaker of the House |
|
|
|
I certify that H.B. No. 394 was passed by the House on March |
|
26, 2009, by the following vote: Yeas 146, Nays 0, 1 present, not |
|
voting; and that the House concurred in Senate amendments to H.B. |
|
No. 394 on May 29, 2009, by the following vote: Yeas 140, Nays 0, 1 |
|
present, not voting. |
|
|
|
______________________________ |
|
Chief Clerk of the House |
|
|
I certify that H.B. No. 394 was passed by the Senate, with |
|
amendments, on May 26, 2009, by the following vote: Yeas 30, Nays |
|
1. |
|
|
|
______________________________ |
|
Secretary of the Senate |
|
APPROVED: __________________ |
|
Date |
|
|
|
__________________ |
|
Governor |