Bill Text: TX HB3180 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to eligibility of business entities to receive funding under the Texas Enterprise Fund, the Texas small business incubator fund, or the Texas emerging technology fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-03-25 - Referred to Economic & Small Business Development [HB3180 Detail]
Download: Texas-2013-HB3180-Introduced.html
83R6741 RWG-D | ||
By: Raymond | H.B. No. 3180 |
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relating to eligibility of business entities to receive funding | ||
under the Texas Enterprise Fund, the Texas small business incubator | ||
fund, or the Texas emerging technology fund. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 481.078(e-1), Government Code, is | ||
amended to read as follows: | ||
(e-1) To be eligible to receive a grant under this section, | ||
the entity must: | ||
(1) be formed or organized [ |
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the laws of this [ |
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issued by the secretary of state [ |
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(2) owe no delinquent taxes to a taxing unit of this | ||
state. | ||
SECTION 2. Section 489.213(h), Government Code, is amended | ||
to read as follows: | ||
(h) A [ |
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distributed through the small business incubator fund if: | ||
(1) the business is formed or organized under the laws | ||
of this state; and | ||
(2) it is determined that the business is | ||
substantially likely to develop and expand the opportunities for | ||
small businesses in the semiconductor, nanotechnology, | ||
biotechnology, or biomedicine industry in this state. | ||
SECTION 3. Section 490.101, Government Code, is amended by | ||
amending Subsection (f-1) and adding Subsection (f-2) to read as | ||
follows: | ||
(f-1) To be eligible to receive an award under this chapter, | ||
a business entity must be formed or organized under the laws of this | ||
state. | ||
(f-2) For purposes of Subsection (f), an award of money | ||
appropriated from the fund is considered disapproved by the | ||
lieutenant governor or speaker of the house of representatives if | ||
that officer does not approve the proposal to award funding before | ||
the 91st day after the date of receipt of the proposal from the | ||
governor. The lieutenant governor or the speaker of the house of | ||
representatives may extend the review deadline applicable to that | ||
officer for an additional 14 days by submitting a written notice to | ||
that effect to the governor before the expiration of the initial | ||
review period. | ||
SECTION 4. The changes in law made by this Act apply only to | ||
an application for funding under the Texas Enterprise Fund, the | ||
Texas small business incubator fund, or the Texas emerging | ||
technology fund, as appropriate, submitted on or after the | ||
effective date of this Act. An application submitted before the | ||
effective date of this Act is governed by the law in effect on the | ||
date the application was submitted, and the former law is continued | ||
in effect for that purpose. | ||
SECTION 5. 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, 2013. |