Texas House Bill HB1715

Texas 2009 - 81st Regular

• Out of House Committee: 3/25/09

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, HB1715 will amend the Government Code to include provisions for administrative training and policies under the new Texas Rural Development Fund. This fund will serve as a channel for legislative appropriations, donations, grants, and other financial resources dedicated to improving rural economic prospects. It also provides avenues for local governments, businesses, and community organizations to collaborate on projects that enhance local economic conditions and accessibility to services, thus helping revitalize rural economies.

Summary

House Bill 1715 aims to establish the Texas Rural Development Fund, which will support various programs geared towards enhancing economic development in rural areas of Texas. The bill proposes various initiatives including the Rural Entrepreneurship and Business Innovation Program, which seeks to assist small businesses and entrepreneurs in rural regions. This program aims to facilitate the establishment and growth of businesses that can stimulate economic activity and job creation in areas that need it most.

Contention

Although the bill is largely seen as a positive step towards addressing economic disparities in rural Texas, it may face scrutiny regarding the allocation of funds and the potential for bureaucratic inefficiencies. Some stakeholders might be concerned about the effectiveness of the loans and grants in genuinely fostering sustainable growth versus merely providing short-term relief. Debate may also arise over which areas and demographics receive priority for funding and how the programs will be monitored to ensure accountability and transparency.