Bill Text: TX HB2493 | 2011-2012 | 82nd Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to authorizing enterprise project half designations and quarter designations under the enterprise zone program.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Engrossed - Dead) 2011-05-16 - Referred to Economic Development [HB2493 Detail]
Download: Texas-2011-HB2493-Introduced.html
Bill Title: Relating to authorizing enterprise project half designations and quarter designations under the enterprise zone program.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Engrossed - Dead) 2011-05-16 - Referred to Economic Development [HB2493 Detail]
Download: Texas-2011-HB2493-Introduced.html
82R10160 ATP-F | ||
By: Torres | H.B. No. 2493 |
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relating to enterprise project half designations under the | ||
enterprise zone program. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2303.406, Government Code, is amended by | ||
adding Subsection (d-1) to read as follows: | ||
(d-1) An enterprise project designation may be split into | ||
two half designations. | ||
SECTION 2. Section 2303.407, Government Code, is amended by | ||
adding Subsection (e) to read as follows: | ||
(e) The maximum number of jobs that the bank may allocate to | ||
an enterprise project split into two half designations as provided | ||
by Section 2303.406(d-1) is 250. | ||
SECTION 3. Section 2303.4071, Government Code, is amended | ||
by amending Subsection (a) and adding Subsection (e) to read as | ||
follows: | ||
(a) In this section: | ||
(1) "Double [ |
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"triple jumbo enterprise project" have the meanings assigned by | ||
Section 2303.407. | ||
(2) "Half enterprise project" means an enterprise | ||
project split into two half designations as provided by Section | ||
2303.406(d-1). | ||
(e) A half enterprise project is eligible for a maximum | ||
refund of $125,000 in each state fiscal year. | ||
SECTION 4. 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, 2011. |