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A BILL TO BE ENTITLED
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AN ACT
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relating to use of sales and tax revenues by certain development |
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corporations to promote higher education and job training |
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opportunities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 504, Local Government |
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Code, as effective April 1, 2009, is amended by adding Section |
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504.1025 to read as follows: |
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Sec. 504.1025. PROJECTS RELATING TO PROMOTING HIGHER |
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EDUCATION AND JOB TRAINING OPPORTUNITIES. (a) For purposes of this |
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section, "education and job training project" means: |
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(1) expenditures to provide scholarships to students |
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who: |
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(A) enroll in institutions of higher education |
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located in the authorizing municipality; or |
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(B) are residents of the authorizing |
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municipality and who enroll at a public junior college located |
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within the same junior college district service area in which the |
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authorizing municipality is located; and |
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(2) expenditures to support job training |
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opportunities offered through an institution of higher education |
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located in the authorizing municipality. |
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(b) A Type A corporation may contract with a nonprofit |
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corporation to administer an education and job training project or |
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to assist the corporation with the administration of the project. |
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The authorizing municipality may designate for the purposes of this |
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section not more than one-eighth of the tax revenue that the |
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municipality is entitled to receive from any sales and use tax |
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adopted under this chapter. |
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SECTION 2. 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. |