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A BILL TO BE ENTITLED
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AN ACT
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relating to the biennial report to the legislature on grants made to |
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entities under 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 481.079, Government Code, is amended by |
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amending Subsection (a) and adding Subsection (a-2) to read as |
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follows: |
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(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; |
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(2) the number of direct jobs each recipient created |
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in this state; |
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(3) the median wage of the jobs each recipient created |
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in this state; |
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(4) the amount of capital investment each recipient |
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committed to expend or allocate per project in this state; |
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(5) the amount of capital investment each recipient |
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expended or allocated per project in this state; |
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(6) the total amount of grants made to each recipient; |
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(7) the average amount of money granted in this state |
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for each job created in this state by grant recipients; |
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(8) the number of jobs created in this state by grant |
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recipients in each sector of the North American Industry |
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Classification System (NAICS); [and] |
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(9) of the number of direct jobs each recipient |
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created in this state, the number of positions created that provide |
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health benefits for employees; and |
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(10) the total number of grant recipients that are |
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historically underutilized businesses and the total amount of |
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grants made to those recipients. |
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(a-2) For purposes of Subsection (a)(10): |
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(1) "Historically underutilized business" means: |
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(A) a corporation formed for the purpose of |
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making a profit in which 51 percent or more of all classes of the |
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shares of stock or other equitable securities are owned by one or |
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more economically disadvantaged persons who have a proportionate |
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interest and actively participate in the corporation's control, |
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operation, and management; |
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(B) a sole proprietorship created for the purpose |
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of making a profit that is completely owned, operated, and |
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controlled by an economically disadvantaged person; |
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(C) a partnership formed for the purpose of |
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making a profit in which 51 percent or more of the assets and |
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interest in the partnership are owned by one or more economically |
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disadvantaged persons who have a proportionate interest and |
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actively participate in the partnership's control, operation, and |
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management; or |
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(D) a joint venture in which each entity in the |
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venture is a historically underutilized business, as determined |
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under another paragraph of this subdivision. |
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(2) "Economically disadvantaged person" has the |
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meaning assigned by Section 2161.001. |
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SECTION 2. This Act takes effect September 1, 2017. |