81R994 KSD-D By: West S.B. No. 295 A BILL TO BE ENTITLED AN ACT relating to a project that may be undertaken by a development corporation to promote higher education opportunities in this state. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter C, Chapter 501, Local Government Code, is amended by adding Section 501.1055 to read as follows: Sec. 501.1055. PROJECTS RELATED TO PROMOTING HIGHER EDUCATION OPPORTUNITIES. In this subtitle, "project" includes expenditures to provide scholarships to students who enroll in institutions of higher education in order to attract and retain top high school graduates and maintain a highly trained and dynamic state and local workforce. SECTION 2. 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.