80th Texas Legislature, Regular Session, House Bill 1196, Chapter 853 Page: 1 of 5
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Chapter 853
H.B. No. 1196
1 AN ACT
2 relating to restrictions on the use of certain public subsidies.
3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
4 SECTION 1. Subtitle F, Title 10, Government Code, is
5 amended by adding Chapter 2264 to read as follows:
6 CHAPTER 2264. RESTRICTIONS ON USE OF CERTAIN PUBLIC
7 SUBSIDIES
8 SUBCHAPTER A. GENERAL PROVISIONS
9 Sec. 2264.001. DEFINITIONS. In this chapter:
10 (1) "Economic development corporation" means a
11 development corporation organized under the Development
12 Corporation Act of 1979 (Article 5190.6, Vernon's Texas Civil
13 Statutes).
14 (2) "Public agency" means the state or an agency,
15 instrumentality, or political subdivision of this state, including
16 a county, a municipality, a public school district, or a
17 special-purpose district or authority.
18 (3) "Public subsidy" means a public program or public
19 benefit or assistance of any type that is designed to stimulate the
20 economic development of a corporation, industry, or sector of the
21 state's economy or to create or retain jobs in this state. The term
22 includes grants, loans, loan guarantees, benefits relating to an
23 enterprise or empowerment zone, fee waivers, land price subsidies,
24 infrastructure development and improvements designed to
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Texas. Legislature. House of Representatives. 80th Texas Legislature, Regular Session, House Bill 1196, Chapter 853, legislative document, 2007-04/2007-06; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth154694/m1/1/: accessed May 22, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.