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A BILL TO BE ENTITLED
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AN ACT
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relating to the number of enterprise projects the Texas Economic |
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Development Bank may designate under the enterprise zone program. |
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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. If the |
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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. The bank may not designate more than 210 [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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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, 2013. |