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A BILL TO BE ENTITLED
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AN ACT
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relating to the approval period for a proposal for an award of a |
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grant from the Texas Enterprise Fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 481.078(e), Government Code, is amended |
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to read as follows: |
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(e) The administration of the fund is considered to be a |
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trusteed program within the office of the governor. The governor |
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may negotiate on behalf of the state regarding awarding, by grant, |
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money appropriated from the fund. The governor may award money |
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appropriated from the fund only with the prior approval of the |
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lieutenant governor and speaker of the house of |
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representatives. For purposes of this subsection, an award of |
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money appropriated from the fund is considered disapproved by the |
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lieutenant governor or speaker of the house of representatives if |
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that officer does not approve the proposal to award the grant before |
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the 31st [91st] day after the date of receipt of the proposal from |
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the governor. The lieutenant governor or the speaker of the house |
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of representatives may extend the review deadline applicable to |
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that officer for an additional 14 days by submitting a written |
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notice to that effect to the governor before the expiration of the |
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initial review period. |
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SECTION 2. The change in law made by this Act applies only |
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to a proposal for an award of a grant from the Texas Enterprise Fund |
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submitted by the governor to the lieutenant governor or speaker of |
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the house of representatives for prior approval on or after the |
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effective date of this Act. A proposal for an award of a grant from |
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the Texas Enterprise Fund submitted by the governor to the |
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lieutenant governor or speaker of the house of representatives for |
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prior approval before the effective date of this Act is governed by |
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the law in effect on the date the proposal was submitted for that |
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approval, and the former law is continued in effect for that |
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purpose. |
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SECTION 3. This Act takes effect September 1, 2015. |