Texas House Bill HB2312

Texas 2009 - 81st Regular

• Out of House Committee: 5/11/09

Caption

Relating to the creation of a rural economic development and investment program.

Impact

If enacted, the program is projected to enhance economic and infrastructure development in rural Texas communities. The bill outlines various means through which financial aid can be provided, including direct loans, credit enhancements, and other mechanisms that may effectively reduce interest rates for eligible entities. As a result, the financial support aims to attract private investments in manufacturing, distribution, and logistics, which are critical for job creation and economic stability in these locales.

Summary

House Bill 2312, known as the Rural Economic Development and Investment Act, seeks to establish a program aimed at stimulating economic growth in rural regions of Texas. The bill facilitates financial assistance aimed primarily at counties with populations not exceeding 75,000 and municipalities with populations not exceeding 50,000. This assistance can be directed toward various projects, including land acquisition, attracting new private enterprises, and improving essential infrastructure such as water and waste disposal facilities.

Conclusion

Overall, HB2312 stands as a fundamental bid to invigorate rural economies across Texas, viewing economic development as a priority for enhancing quality of life in these communities. Given the outlined objectives and mechanisms for support, its successful implementation could serve as a template for future legislative efforts targeting rural development.

Contention

Discussion around HB2312 may encounter varying opinions from stakeholders. Proponents posit that the investment initiative would address the economic disparities that rural areas often face, thereby giving them the tools necessary to compete with urban centers. On the other hand, critics might question the effectiveness of such a program, particularly regarding the administration of funds and the potential for its benefits to be skewed towards larger enterprises rather than fostering small, local businesses.