Bill Text: TX HB3781 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to prohibiting the use of money from the Texas Enterprise Fund or the Texas emerging technology fund for compensation to executives.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-03-26 - Referred to Economic & Small Business Development [HB3781 Detail]
Download: Texas-2013-HB3781-Introduced.html
83R10855 RWG-D | ||
By: Isaac | H.B. No. 3781 |
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relating to prohibiting the use of money from the Texas Enterprise | ||
Fund or the Texas emerging technology fund for compensation to | ||
executives. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 481.078, Government Code, is amended by | ||
adding Subsection (d-2) to read as follows: | ||
(d-2) An entity that receives a grant under this section may | ||
not use any grant money to compensate the chief executive officer, | ||
chief financial officer, or any other executive officer of the | ||
entity. | ||
SECTION 2. Section 490.101, Government Code, is amended by | ||
adding Subsection (c-2) to read as follows: | ||
(c-2) An entity that receives an award of money under this | ||
chapter may not use any amount awarded to compensate the chief | ||
executive officer, chief financial officer, or any other executive | ||
officer of the entity. | ||
SECTION 3. This Act takes effect September 1, 2013. |