85R9025 CLG-D
 
  By: Miles S.B. No. 794
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the biennial report to the legislature on grants made to
  entities under the Texas Enterprise Fund.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 481.079, Government Code, is amended by
  amending Subsection (a) and adding Subsection (a-2) to read as
  follows:
         (a)  Before the beginning of each regular session of the
  legislature, the governor shall submit to the lieutenant governor,
  the speaker of the house of representatives, and each other member
  of the legislature a report on grants made under Section 481.078
  that states:
               (1)  the number of direct jobs each recipient committed
  to create in this state;
               (2)  the number of direct jobs each recipient created
  in this state;
               (3)  the median wage of the jobs each recipient created
  in this state;
               (4)  the amount of capital investment each recipient
  committed to expend or allocate per project in this state;
               (5)  the amount of capital investment each recipient
  expended or allocated per project in this state;
               (6)  the total amount of grants made to each recipient;
               (7)  the average amount of money granted in this state
  for each job created in this state by grant recipients;
               (8)  the number of jobs created in this state by grant
  recipients in each sector of the North American Industry
  Classification System (NAICS); [and]
               (9)  of the number of direct jobs each recipient
  created in this state, the number of positions created that provide
  health benefits for employees; and
               (10)  the total number of grant recipients that are
  historically underutilized businesses and the total amount of
  grants made to those recipients.
         (a-2)  For purposes of Subsection (a)(10):
               (1)  "Historically underutilized business" means:
                     (A)  a corporation formed for the purpose of
  making a profit in which 51 percent or more of all classes of the
  shares of stock or other equitable securities are owned by one or
  more economically disadvantaged persons who have a proportionate
  interest and actively participate in the corporation's control,
  operation, and management;
                     (B)  a sole proprietorship created for the purpose
  of making a profit that is completely owned, operated, and
  controlled by an economically disadvantaged person;
                     (C)  a partnership formed for the purpose of
  making a profit in which 51 percent or more of the assets and
  interest in the partnership are owned by one or more economically
  disadvantaged persons who have a proportionate interest and
  actively participate in the partnership's control, operation, and
  management; or
                     (D)  a joint venture in which each entity in the
  venture is a historically underutilized business, as determined
  under another paragraph of this subdivision.
               (2)  "Economically disadvantaged person" has the
  meaning assigned by Section 2161.001.
         SECTION 2.  This Act takes effect September 1, 2017.