Amend CSSB 1 (house committee report) in Article I of the bill, following the appropriations to the Trusteed Programs within the Office of the Governor (page I-59), by adding the following appropriately numbered rider and renumbering subsequent riders accordingly:
____. Texas Tariff Impact Relief Fund and Grant Program. (a) Out of funds appropriated above in Strategy C.1.1, Promote Texas, the amount of $12,000,000 shall be allocated for the state fiscal biennium beginning September 1, 2025, to the Economic Development and Tourism Office in the Trusteed Programs within the Office of the Governor, for the purpose of creating the Texas Tariff Impact Relief Fund and Grant Program. Money in the fund may be used by the office only to provide grants for economic relief, technical assistance, and export support to small businesses, manufacturers, and agricultural producers in this state that have been disproportionately affected by federal tariffs that take effect after January 1, 2025.
(b) The comptroller by rule shall develop guidelines for the administration of the fund and grant program, including eligibility requirements, application procedures, and reporting mechanisms to ensure transparency and accountability.
(c) Not later than September 1, 2026, the Economic Development and Tourism Office shall submit a report to the legislature on the use and impact of the fund and grant program described by Subsection (a) of this section.