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A BILL TO BE ENTITLED
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AN ACT
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relating to prohibiting the use of money from the Texas Enterprise |
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Fund or the Texas emerging technology fund for compensation to |
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executives. |
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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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adding Subsection (d-2) to read as follows: |
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(d-2) An entity that receives a grant under this section may |
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not use any grant money to compensate the chief executive officer, |
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chief financial officer, or any other executive officer of the |
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entity. |
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SECTION 2. Section 490.101, Government Code, is amended by |
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adding Subsection (c-2) to read as follows: |
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(c-2) An entity that receives an award of money under this |
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chapter may not use any amount awarded to compensate the chief |
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executive officer, chief financial officer, or any other executive |
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officer of the entity. |
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SECTION 3. This Act takes effect September 1, 2013. |