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A BILL TO BE ENTITLED
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AN ACT
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relating to eligibility for a grant of money from the Texas |
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Enterprise Fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 481.078, Government Code, is amended by |
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amending Subsection (e-1) and adding Subsection (e-2) to read as |
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follows: |
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(e-1) Except as provided by Subsection (e-2), to [To] be |
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eligible to receive a grant under this section, 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. |
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(e-2) An entity is not eligible to receive a grant under |
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this section if the United States Secretary of the Treasury has |
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purchased or made or funded commitments to purchase troubled assets |
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from the entity or if the entity has otherwise received funds under |
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the Troubled Asset Relief Program established under Section 101, |
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Emergency Economic Stabilization Act of 2008 (12 U.S.C. Section |
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5211). |
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SECTION 2. Section 481.078, Government Code, as amended by |
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this Act, applies only to a grant awarded on or after the effective |
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date of this Act. A grant awarded before the effective date of this |
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Act is governed by the law in effect on the date the award was made, |
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and the former law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2009. |