Bill Text: TX HB4088 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the Texas enterprise fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-04-23 - No action taken in committee [HB4088 Detail]
Download: Texas-2015-HB4088-Introduced.html
By: Davis of Dallas | H.B. No. 4088 |
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relating to the Texas enterprise fund. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 481.078, Government Code is amended by | ||
adding Subsection (m) as follows: | ||
(m) In a calendar year at least 35 percent of the grant | ||
agreements entered into must contain a provision that requires all | ||
of the jobs created under the agreement to be created: | ||
(1) in an area designated as a Qualified Census Tract | ||
(QCTs) as defined by the U.S. Department of Housing and Urban | ||
Development (HUD); and | ||
(2) target and promote appropriate size companies of | ||
approximately 25 employees or more. | ||
SECTION 2. Section 481.079, Government Code is amended as | ||
follows: | ||
Sec. 481.079. REPORT ON USE OF MONEY IN TEXAS ENTERPRISE | ||
FUND. (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, regional and under Section 481.078 (m); | ||
(2) the number of direct jobs each recipient created | ||
in this state, regional and under Section 481.078 (m); | ||
(3) the median wage of the jobs each recipient created | ||
in this state, regional and under Section 481.078 (m); | ||
(4) measures the typical lifespan of the jobs each | ||
recipient created; | ||
(5) whether the jobs created each recipient created | ||
are generally aligned with the skill levels of the residents in the | ||
area where the jobs are created | ||
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recipient committed to expend or allocate per project in this | ||
state, regional and under Section 481.078 (m); | ||
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recipient expended or allocated per project in this state, regional | ||
and under Section 481.078 (m); | ||
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recipient; | ||
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state for each job created in this state, regional and under | ||
Section 481.078 (m) | ||
by grant recipients; | ||
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grant recipients in each sector of the North American Industry | ||
Classification System (NAICS); and | ||
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created in this state, regional and under Section 481.078 (m), the | ||
number of positions created that provide health benefits for | ||
employees. | ||
(a-1) For grants awarded for a purpose specified by Section | ||
481.078(d-1), the report must include only the amount and purpose | ||
of each grant. | ||
(b) The report may not include information that is made | ||
confidential by law. | ||
(c) The governor may require a recipient of a grant under | ||
Section 481.078 to submit, on a form the governor provides, | ||
information required to complete the report | ||
SECTION 3. 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, 2015. |