By: Davis of Dallas	H.B. No. 4088

	A BILL TO BE ENTITLED
	AN ACT
	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
	(4)  (6)  the amount of capital investment each
	recipient committed to expend or allocate per project in this
	state, regional and under Section 481.078 (m);
	(5)  (7)  the amount of capital investment each
	recipient expended or allocated per project in this state, regional
	and under Section 481.078 (m);
	(6)  (8)  the total amount of grants made to each
	recipient;
	(7)  (9)  the average amount of money granted in this
	state for each job created in this state, regional and under
	Section 481.078 (m)
	by grant recipients;
	(8)  (10)  the number of jobs created in this state by
	grant recipients in each sector of the North American Industry
	Classification System (NAICS); and
	(9)  (11)  of the number of direct jobs each recipient
	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.