Bill Text: TX SB794 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the biennial report to the legislature on grants made to entities under the Texas Enterprise Fund.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2017-03-22 - Co-author authorized [SB794 Detail]
Download: Texas-2017-SB794-Introduced.html
85R9025 CLG-D | ||
By: Miles | S.B. No. 794 |
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relating to the biennial report to the legislature on grants made to | ||
entities under the Texas Enterprise Fund. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 481.079, Government Code, is amended by | ||
amending Subsection (a) and adding Subsection (a-2) to read as | ||
follows: | ||
(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; | ||
(2) the number of direct jobs each recipient created | ||
in this state; | ||
(3) the median wage of the jobs each recipient created | ||
in this state; | ||
(4) the amount of capital investment each recipient | ||
committed to expend or allocate per project in this state; | ||
(5) the amount of capital investment each recipient | ||
expended or allocated per project in this state; | ||
(6) the total amount of grants made to each recipient; | ||
(7) the average amount of money granted in this state | ||
for each job created in this state by grant recipients; | ||
(8) the number of jobs created in this state by grant | ||
recipients in each sector of the North American Industry | ||
Classification System (NAICS); [ |
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(9) of the number of direct jobs each recipient | ||
created in this state, the number of positions created that provide | ||
health benefits for employees; and | ||
(10) the total number of grant recipients that are | ||
historically underutilized businesses and the total amount of | ||
grants made to those recipients. | ||
(a-2) For purposes of Subsection (a)(10): | ||
(1) "Historically underutilized business" means: | ||
(A) a corporation formed for the purpose of | ||
making a profit in which 51 percent or more of all classes of the | ||
shares of stock or other equitable securities are owned by one or | ||
more economically disadvantaged persons who have a proportionate | ||
interest and actively participate in the corporation's control, | ||
operation, and management; | ||
(B) a sole proprietorship created for the purpose | ||
of making a profit that is completely owned, operated, and | ||
controlled by an economically disadvantaged person; | ||
(C) a partnership formed for the purpose of | ||
making a profit in which 51 percent or more of the assets and | ||
interest in the partnership are owned by one or more economically | ||
disadvantaged persons who have a proportionate interest and | ||
actively participate in the partnership's control, operation, and | ||
management; or | ||
(D) a joint venture in which each entity in the | ||
venture is a historically underutilized business, as determined | ||
under another paragraph of this subdivision. | ||
(2) "Economically disadvantaged person" has the | ||
meaning assigned by Section 2161.001. | ||
SECTION 2. This Act takes effect September 1, 2017. |