83R6741 RWG-D
By: Raymond H.B. No. 3180
A BILL TO BE ENTITLED
AN ACT
relating to eligibility of business entities to receive funding
under the Texas Enterprise Fund, the Texas small business incubator
fund, or the Texas emerging technology fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 481.078(e-1), Government Code, is
amended to read as follows:
(e-1) To be eligible to receive a grant under this section,
the entity must:
(1) be formed or organized [in good standing] under
the laws of this [the] state and in good standing [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.
SECTION 2. Section 489.213(h), Government Code, is amended
to read as follows:
(h) A [Any] business [in this state] is eligible for funding
distributed through the small business incubator fund if:
(1) the business is formed or organized under the laws
of this state; and
(2) it is determined that the business is
substantially likely to develop and expand the opportunities for
small businesses in the semiconductor, nanotechnology,
biotechnology, or biomedicine industry in this state.
SECTION 3. Section 490.101, Government Code, is amended by
amending Subsection (f-1) and adding Subsection (f-2) to read as
follows:
(f-1) To be eligible to receive an award under this chapter,
a business entity must be formed or organized under the laws of this
state.
(f-2) For purposes of Subsection (f), an award of money
appropriated from the fund is considered disapproved by the
lieutenant governor or speaker of the house of representatives if
that officer does not approve the proposal to award funding before
the 91st day after the date of receipt of the proposal from the
governor. The lieutenant governor or the speaker of the house of
representatives may extend the review deadline applicable to that
officer for an additional 14 days by submitting a written notice to
that effect to the governor before the expiration of the initial
review period.
SECTION 4. The changes in law made by this Act apply only to
an application for funding under the Texas Enterprise Fund, the
Texas small business incubator fund, or the Texas emerging
technology fund, as appropriate, submitted on or after the
effective date of this Act. An application submitted before the
effective date of this Act is governed by the law in effect on the
date the application was submitted, and the former law is continued
in effect for that purpose.
SECTION 5. 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, 2013.