Texas Senate Bill SB357

Texas 2021 - 87th Regular

Caption

Relating to the financing of certain grocery stores by a public facilities corporation.

Impact

If enacted, SB357 would have significant implications for local economic development by broadening the scope of financial support available for grocery stores in underprivileged areas. The bill enables public facilities corporations to issue bonds for financing, effectively lowering the financial barriers to establishing and operating grocery stores in economically stressed regions. This could lead to a better supply of fresh and affordable food options in these communities, potentially enhancing public health outcomes and supporting local economies.

Summary

Senate Bill 357 aims to facilitate the financing of grocery stores through the establishment of public facilities corporations. Specifically, it alters the definition of 'public facility' under the Local Government Code to include grocery stores located in economically disadvantaged census tracts. By doing so, the bill seeks to encourage the development of grocery stores in areas that lack sufficient access to food, thus addressing food deserts and promoting food equity in these communities.

Contention

The bill does raise some points of contention regarding the potential impact on existing businesses and local economies. Critics may argue that while the intention is to assist underprivileged areas, it could also lead to competition that might hurt small, locally owned grocery stores already operating within those communities. The consideration of public funding for new grocery stores could be seen as favoritism, raising questions about fiscal responsibility and the prioritization of funding for essential services versus retail development.