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A BILL TO BE ENTITLED
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AN ACT
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relating to 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, Government Code is amended by |
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adding Subsection (m) as follows: |
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(m) In a calendar year at least 35 percent of the grant |
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agreements entered into must contain a provision that requires all |
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of the jobs created under the agreement to be created: |
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(1) in an area designated as a Qualified Census Tract |
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(QCTs) as defined by the U.S. Department of Housing and Urban |
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Development (HUD); and |
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(2) target and promote appropriate size companies of |
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approximately 25 employees or more. |
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SECTION 2. Section 481.079, Government Code is amended as |
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follows: |
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Sec. 481.079. REPORT ON USE OF MONEY IN TEXAS ENTERPRISE |
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FUND. (a) Before the beginning of each regular session of the |
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legislature, the governor shall submit to the lieutenant governor, |
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the speaker of the house of representatives, and each other member |
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of the legislature a report on grants made under Section 481.078 |
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that states: |
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(1) the number of direct jobs each recipient committed |
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to create in this state, regional and under Section 481.078 (m); |
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(2) the number of direct jobs each recipient created |
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in this state, regional and under Section 481.078 (m); |
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(3) the median wage of the jobs each recipient created |
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in this state, regional and under Section 481.078 (m); |
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(4) measures the typical lifespan of the jobs each |
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recipient created; |
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(5) whether the jobs created each recipient created |
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are generally aligned with the skill levels of the residents in the |
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area where the jobs are created |
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(4) (6) the amount of capital investment each |
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recipient committed to expend or allocate per project in this |
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state, regional and under Section 481.078 (m); |
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(5) (7) the amount of capital investment each |
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recipient expended or allocated per project in this state, regional |
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and under Section 481.078 (m); |
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(6) (8) the total amount of grants made to each |
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recipient; |
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(7) (9) the average amount of money granted in this |
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state for each job created in this state, regional and under |
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Section 481.078 (m) |
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by grant recipients; |
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(8) (10) the number of jobs created in this state by |
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grant recipients in each sector of the North American Industry |
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Classification System (NAICS); and |
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(9) (11) of the number of direct jobs each recipient |
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created in this state, regional and under Section 481.078 (m), the |
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number of positions created that provide health benefits for |
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employees. |
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(a-1) For grants awarded for a purpose specified by Section |
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481.078(d-1), the report must include only the amount and purpose |
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of each grant. |
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(b) The report may not include information that is made |
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confidential by law. |
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(c) The governor may require a recipient of a grant under |
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Section 481.078 to submit, on a form the governor provides, |
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information required to complete the report |
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SECTION 3. 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, 2015. |