Texas 2009 - 81st Regular

Texas Senate Bill SB684

Filed
 
Out of Senate Committee
3/20/09  
Voted on by Senate
4/8/09  
Governor Action
 
Bill Becomes Law
 

Caption

Relating to the establishment of the Texas Rural Development Fund and to the establishment, operation, and funding of certain programs for rural economic development.

Impact

If enacted, SB684 would significantly alter state laws by setting up a structured mechanism for funding rural development projects. The bill authorizes the Texas Office of Rural Community Affairs to manage the fund, which will receive money from state appropriations as well as private donations and grants. This financial backing will enable the implementation of various programs under the fund, including those that specifically target entrepreneurship and economic innovation within the rural sectors. Furthermore, by establishing various loan incentives tailored to businesses in these regions, the bill aims to stimulate job creation and economic vitality in traditionally underserved areas.

Summary

SB684 focuses on establishing the Texas Rural Development Fund, a critical step aimed at enhancing economic conditions in rural areas of Texas. The bill outlines provisions for financial support to be channeled into various initiatives that foster entrepreneurship, support micro and small businesses, and expand business innovation in rural settings. It emphasizes not only monetary assistance but also the development of training programs to equip individuals and organizations with the necessary skills to thrive in a competitive economy. This holistic approach is intended to mitigate the economic disparities faced by rural communities compared to urban counterparts.

Contention

Despite its promising intentions, the bill may face contention regarding the allocation and management of the funds. Critics may argue about the effectiveness of the proposed programs and concern over the transparency in how funds are distributed and monitored. There may be calls for oversight mechanisms to ensure fairness and that these resources directly benefit the intended communities. Moreover, stakeholders in urban sectors could also raise concerns about the potential diversion of focus and funds from urban development initiatives. Such debates will highlight the need for a balanced approach to economic development that addresses the unique needs of both rural and urban communities.

Companion Bills

TX HB1715

Identical Relating to the establishment of the Texas Rural Development Fund and to the establishment, operation, and funding of certain programs for rural economic development.

Previously Filed As

TX HB1718

Relating to rural development funds and insurance tax credits for certain investments in those funds; authorizing fees.

TX HB1515

Relating to the continuation and functions of and certain programs subject to rules adopted by the Texas Economic Development and Tourism Office.

TX SB6

Relating to the establishment of the Texas Energy Insurance Program and other funding mechanisms to support the construction and operation of electric generating facilities.

TX SB1940

Relating to the continuation and functions of the Texas Economic Development and Tourism Office.

TX HB2171

Relating to the establishment of the Texas Center for Rural Health Education at The University of Texas Rio Grande Valley.

TX HB3723

Relating to the establishment of the Rural Workforce Training Grant Program.

TX SB36

Relating to the establishment and operation of the Texas B-On-time student loan program; authorizing a fee.

TX HB2421

Relating to the reenactment of expired provisions of the Texas Economic Development Act.

TX HB169

Relating to the establishment of a grant program to provide financial assistance to qualified sheriff's departments in certain rural counties; making an appropriation.

TX HB18

Relating to the establishment of a grant program to provide financial assistance to qualified sheriff's departments in certain rural counties; making an appropriation.

Similar Bills

TX HB951

Relating to the establishment of the Texas Rural Development Fund and to the establishment, operation, and funding of certain programs for rural economic development.

TX HB2048

Relating to the establishment of the Texas Rural Development Fund and to the establishment, operation, and funding of certain programs for rural economic development.

TX SB826

Relating to the establishment, operation, and funding of certain programs for rural economic development.

TX SB329

Relating to the sale, recovery, and recycling of certain television equipment; providing administrative penalties.

TX HB3447

Relating to the establishment and administration of the Texas Space Commission and the Texas Aerospace Research and Space Economy Consortium.

TX HR2432

Suspending limitations on conference committee jurisdiction, H.B. No. 3447.

TX SR693

Suspending limitations on conference committee jurisdiction on H.B. 3447.