81R24186 CLG-D
 
  By: Button, Cook, Pitts, Deshotel, Giddings, H.B. No. 1277
      et al.
 
  Substitute the following for H.B. No. 1277:
 
  By:  Button C.S.H.B. No. 1277
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to use of money from the Texas Enterprise Fund to retain
  businesses that are considering relocating outside this state.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  (a)  Money appropriated from the Texas
  Enterprise Fund under Section 481.078, Government Code, for the
  state fiscal biennium beginning September 1, 2009, and ending
  August 31, 2011, may be used for incentives to retain businesses in
  this state that are considering relocating to a location outside of
  this state.
         (b)  This section expires January 1, 2012.
         SECTION 2.  Section 481.078, Government Code, is amended by
  amending Subsection (c) and adding Subsection (m) to read as
  follows:
         (c)  Except as provided by Subsection (d), the fund may be
  used only for economic development, infrastructure development,
  community development, job training programs, and business
  incentives, including incentives to retain businesses in this state
  that are considering relocating to a location outside of this
  state, subject to Subsection (m).
         (m)  This subsection applies only to a state fiscal biennium
  on the first day of which the unemployment rate for this state, as
  determined by the federal Bureau of Labor Statistics, is seven
  percent or more. Money appropriated from the fund for a state
  fiscal biennium to which this subsection applies may be used for
  incentives to retain businesses in this state that are considering
  relocating to a location outside of this state.
         SECTION 3.  (a) Except as provided by Subsection (b) of this
  section, this Act takes effect September 1, 2009.
         (b)  The changes in law made by this Act to Section 481.078,
  Government Code, take effect September 1, 2011.