BILL ANALYSIS |
C.S.S.B. 1467 |
By: Estes |
Economic & Small Business Development |
Committee Report (Substituted) |
BACKGROUND AND PURPOSE
Legislation has been enacted in other states limiting the manufacture or sale of firearms and firearms accessories. Interested individuals advocate for Texas to remain a state open to business, committed to free market principles, and supportive of its citizens' constitutional rights. In an effort to support these interests, C.S.S.B. 1467 seeks to provide economic development incentives for firearms manufacturers, firearms accessory manufacturers, and ammunition manufacturers.
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RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
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ANALYSIS
C.S.S.B. 1467 amends the Government Code to require the Texas Economic Development and Tourism Office (TEDTO) to facilitate the location, relocation, or expansion to Texas, and the retention in Texas, of firearms manufacturers, firearms accessory manufacturers, and ammunition manufacturers, including by identifying domestic and international firearms manufacturers, firearms accessory manufacturers, and ammunition manufacturers interested in expanding or relocating to Texas and by issuing requests for proposals for the location, relocation, or expansion to Texas, and the retention in Texas, of firearms manufacturers, firearms accessory manufacturers, and ammunition manufacturers. The bill requires TEDTO to promptly review each proposal received and to identify economic development incentives available under statutory provisions relating to commerce and industrial development or other Texas laws for which the proposal may be eligible. The bill authorizes the governor, if TEDTO determines a proposal is eligible for funding under the Texas Enterprise Fund, to negotiate on behalf of the state for a grant to be awarded from the fund. The bill authorizes TEDTO, if TEDTO determines a proposal is eligible for economic development incentives under statutory provisions relating to commerce and industrial development or other Texas laws, to negotiate on behalf of the state with respect to the issuance of those incentives. The bill requires negotiated economic development incentives to be commensurate with the size and scope of the proposed projects.
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EFFECTIVE DATE
On passage, or, if the bill does not receive the necessary vote, September 1, 2013.
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COMPARISON OF ORIGINAL AND SUBSTITUTE
While C.S.S.B. 1467 may differ from the engrossed version in minor or nonsubstantive ways, the following comparison is organized and highlighted in a manner that indicates the substantial differences between the engrossed and committee substitute versions of the bill.
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