By: Davis of Dallas H.B. No. 4088
A BILL TO BE ENTITLED
AN ACT
relating to the Texas enterprise fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 481.078, Government Code is amended by
adding Subsection (m) as follows:
(m) In a calendar year at least 35 percent of the grant
agreements entered into must contain a provision that requires all
of the jobs created under the agreement to be created:
(1) in an area designated as a Qualified Census Tract
(QCTs) as defined by the U.S. Department of Housing and Urban
Development (HUD); and
(2) target and promote appropriate size companies of
approximately 25 employees or more.
SECTION 2. Section 481.079, Government Code is amended as
follows:
Sec. 481.079. REPORT ON USE OF MONEY IN TEXAS ENTERPRISE
FUND. (a) Before the beginning of each regular session of the
legislature, the governor shall submit to the lieutenant governor,
the speaker of the house of representatives, and each other member
of the legislature a report on grants made under Section 481.078
that states:
(1) the number of direct jobs each recipient committed
to create in this state, regional and under Section 481.078 (m);
(2) the number of direct jobs each recipient created
in this state, regional and under Section 481.078 (m);
(3) the median wage of the jobs each recipient created
in this state, regional and under Section 481.078 (m);
(4) measures the typical lifespan of the jobs each
recipient created;
(5) whether the jobs created each recipient created
are generally aligned with the skill levels of the residents in the
area where the jobs are created
(4) (6) the amount of capital investment each
recipient committed to expend or allocate per project in this
state, regional and under Section 481.078 (m);
(5) (7) the amount of capital investment each
recipient expended or allocated per project in this state, regional
and under Section 481.078 (m);
(6) (8) the total amount of grants made to each
recipient;
(7) (9) the average amount of money granted in this
state for each job created in this state, regional and under
Section 481.078 (m)
by grant recipients;
(8) (10) the number of jobs created in this state by
grant recipients in each sector of the North American Industry
Classification System (NAICS); and
(9) (11) of the number of direct jobs each recipient
created in this state, regional and under Section 481.078 (m), the
number of positions created that provide health benefits for
employees.
(a-1) For grants awarded for a purpose specified by Section
481.078(d-1), the report must include only the amount and purpose
of each grant.
(b) The report may not include information that is made
confidential by law.
(c) The governor may require a recipient of a grant under
Section 481.078 to submit, on a form the governor provides,
information required to complete the report
SECTION 3. 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, 2015.