| 1 | 1 | | 81R20455 CLG-F |
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| 2 | 2 | | By: Burnam H.B. No. 977 |
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| 3 | 3 | | Substitute the following for H.B. No. 977: |
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| 4 | 4 | | By: Menendez C.S.H.B. No. 977 |
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| 5 | 5 | | |
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| 6 | 6 | | |
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| 7 | 7 | | A BILL TO BE ENTITLED |
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| 8 | 8 | | AN ACT |
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| 9 | 9 | | relating to use of the money from the Texas enterprise fund to |
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| 10 | 10 | | promote renewable energy technology. |
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| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Section 481.078, Government Code, is amended by |
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| 13 | 13 | | adding Subsections (k), (l), and (m) to read as follows: |
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| 14 | 14 | | (k) At least 10 percent of the total amount of grants made |
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| 15 | 15 | | from the fund must be to fund the establishment and expansion of |
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| 16 | 16 | | enterprises in this state that have as their primary purpose the |
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| 17 | 17 | | provision of energy derived from renewable energy technology, as |
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| 18 | 18 | | defined by Section 39.904(d), Utilities Code, unless the governor |
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| 19 | 19 | | determines that compliance with this subsection would be |
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| 20 | 20 | | impracticable or would be inconsistent with the purpose and intent |
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| 21 | 21 | | of the fund. |
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| 22 | 22 | | (l) The governor shall submit an annual report to the |
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| 23 | 23 | | legislature regarding any grants awarded during the reporting |
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| 24 | 24 | | period under Subsection (k). |
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| 25 | 25 | | (m) If the governor determines that compliance with |
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| 26 | 26 | | Subsection (k) would be impracticable or would be inconsistent with |
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| 27 | 27 | | the purpose and intent of the fund, the governor shall submit a |
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| 28 | 28 | | biennial report to the legislature that contains a statement of the |
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| 29 | 29 | | particular reasons for noncompliance with Subsection (k) and the |
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| 30 | 30 | | following information regarding each enterprise that applied for a |
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| 31 | 31 | | grant under Subsection (k) during the reporting period: |
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| 32 | 32 | | (1) the name and physical address of the enterprise; |
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| 33 | 33 | | (2) the nature of the enterprise; |
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| 34 | 34 | | (3) the amount of the grant applied for; |
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| 35 | 35 | | (4) the projected number of jobs to be created by the |
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| 36 | 36 | | enterprise; |
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| 37 | 37 | | (5) the projected total return to this state in both |
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| 38 | 38 | | projected number of jobs to be created and amount of capital |
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| 39 | 39 | | investment made; and |
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| 40 | 40 | | (6) the reason for denying the application. |
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| 41 | 41 | | SECTION 2. This Act takes effect September 1, 2009. |
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