81R10444 KFF-D
By: Chavez H.B. No. 3281
A BILL TO BE ENTITLED
AN ACT
relating to eligibility for a grant of money from the Texas
Enterprise Fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 481.078, Government Code, is amended by
amending Subsection (e-1) and adding Subsection (e-2) to read as
follows:
(e-1) Except as provided by Subsection (e-2), to [To] be
eligible to receive a grant under this section, the entity must:
(1) be in good standing under the laws of the state in
which the entity was formed or organized, as evidenced by a
certificate issued by the secretary of state or the state official
having custody of the records pertaining to entities or other
organizations formed under the laws of that state; and
(2) owe no delinquent taxes to a taxing unit of this
state.
(e-2) An entity is not eligible to receive a grant under
this section if the United States Secretary of the Treasury has
purchased or made or funded commitments to purchase troubled assets
from the entity or if the entity has otherwise received funds under
the Troubled Asset Relief Program established under Section 101,
Emergency Economic Stabilization Act of 2008 (12 U.S.C. Section
5211).
SECTION 2. Section 481.078, Government Code, as amended by
this Act, applies only to a grant awarded on or after the effective
date of this Act. A grant awarded before the effective date of this
Act is governed by the law in effect on the date the award was made,
and the former law is continued in effect for that purpose.
SECTION 3. 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, 2009.