81R7298 DAK-D
By: Gonzales H.B. No. 3409
A BILL TO BE ENTITLED
AN ACT
relating to the use of money from the Texas Enterprise Fund to
recruit and retain automotive manufacturing facilities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 481.078, Government Code, is amended by
adding Subsection (e-2) to read as follows:
(e-2) Notwithstanding Subsection (e-1), a municipality is
eligible to receive a grant under this section for the purpose of
recruiting or retaining an automotive manufacturing facility. A
particular municipality may not receive more than $50 million in
grants under this subsection in a state fiscal year. A municipality
may apply for a grant under this section in the same manner as a
business entity.
SECTION 2. This Act takes effect September 1, 2009.