Bill Amendment: TX HB5 | 2023-2024 | 88th Legislature

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Relating to agreements authorizing a limitation on taxable value of certain property to provide for the creation of jobs and the generation of state and local tax revenue; authorizing fees; authorizing penalties.

Status: 2023-05-30 - Sent to the Governor [HB5 Detail]

Download: Texas-2023-HB5-Senate_Amendment_S_2_F5-Schwertner.html

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Amend CSHB 5 (senate committee printing) in SECTION 1 of the bill, in added Section 403.612(b), Government Code, between Subdivisions (7) and (8) of the subsection (page 9, between lines 11 and 12), by inserting the following appropriately numbered subdivision and renumbering subsequent subdivisions of the subsection and cross-references to those subdivisions accordingly:

( )  require the applicant, at the time the applicant executes the agreement, to execute a performance bond in an amount the comptroller determines to be reasonable and necessary to protect the interests of the state and the district and conditioned on the applicant's compliance with the terms of the agreement;