Bill Text: TX HB1984 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to enterprise project half designations under the enterprise zone program.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-03-05 - Referred to Economic & Small Business Development [HB1984 Detail]
Download: Texas-2013-HB1984-Introduced.html
| 83R797 ATP-F | ||
| By: Murphy | H.B. No. 1984 | |
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| relating to enterprise project half designations under the | ||
| enterprise zone program. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 2303.406, Government Code, is amended by | ||
| adding Subsection (d-1) to read as follows: | ||
| (d-1) An enterprise project designation may be split into | ||
| two half designations. | ||
| SECTION 2. Section 2303.407, Government Code, is amended by | ||
| adding Subsection (e) to read as follows: | ||
| (e) The maximum number of jobs that the bank may allocate to | ||
| an enterprise project split into two half designations as provided | ||
| by Section 2303.406(d-1) is 250. | ||
| SECTION 3. Section 2303.4071, Government Code, is amended | ||
| by amending Subsection (a) and adding Subsection (e) to read as | ||
| follows: | ||
| (a) In this section: | ||
| (1) "Double [ |
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| "triple jumbo enterprise project" have the meanings assigned by | ||
| Section 2303.407. | ||
| (2) "Half enterprise project" means an enterprise | ||
| project split into two half designations as provided by Section | ||
| 2303.406(d-1). | ||
| (e) A half enterprise project is eligible for a maximum | ||
| refund of $125,000 in each state fiscal year. | ||
| SECTION 4. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2013. | ||
