Texas Senate Bill SB1214

Texas 2013 - 83rd Regular

Caption

Relating to certain economic development programs administered by the Department of Agriculture.

Impact

The bill establishes the Texas Economic Development Fund, which is designed to support the funding of various economic development programs within the state. This fund will consist of diverse revenue streams, including federal allocations and contributions from both public and private sectors. The fund aims to provide financial services that can foster the creation and expansion of businesses, particularly those within the agricultural sector and in rural regions, thereby aiming to stimulate local economies and create jobs.

Summary

SB1214 is legislation that modifies certain economic development programs administered by the Texas Department of Agriculture. The bill's purpose is to enhance economic growth in rural areas by promoting business opportunities and providing support to agricultural enterprises. It outlines the department's role in identifying potential economic prospects and assisting rural communities in realizing these opportunities. Moreover, the bill introduces mechanisms for the department to work cooperatively with other entities and organizations to facilitate community development.

Contention

While the intent of SB1214 is to bolster economic development, concerns may arise regarding the allocation of funds and resources. Local stakeholders could question whether the financial benefits from this bill will adequately address the specific needs of their communities. The efficacy of the proposed programs and their actual impact on local economies remains a topic of interest, as the success of such initiatives often depends on effective implementation and sustained support.