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A BILL TO BE ENTITLED
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AN ACT
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relating to the allocation of enterprise project designations |
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during a biennium. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2303.403, Government Code, is amended to |
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read as follows: |
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Sec. 2303.403. PROHIBITION ON QUALIFIED BUSINESS |
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CERTIFICATION; LIMIT ON ENTERPRISE PROJECT DESIGNATIONS. (a) If |
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the bank determines that the governing body eligible to nominate an |
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enterprise project is not complying with this chapter, the bank |
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shall prohibit the certification of a qualified business until the |
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bank determines that the governing body is complying with this |
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chapter. |
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(b) The bank may not designate more than 105 enterprise |
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projects during any biennium. Any designations remaining at the |
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end of a biennium may be carried forward to the next biennium. |
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(c) The bank may allocate the total number of enterprise |
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project designations available in a biennium under Subsection (b) |
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among two annual or four semiannual periods so that a nearly equal |
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number of designations are available to be awarded in each annual or |
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semiannual period. |
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SECTION 2. This Act takes effect September 1, 2013. |