Texas House Bill HB858

Texas 2017 - 85th Regular

Caption

Relating to creating a disadvantaged business assistance program to be operated by the Texas Department of Transportation.

Impact

The introduction of the program under HB 858 is expected to have significant implications for state-level business regulations and economic development efforts. By creating a revolving fund dedicated to financing disadvantaged businesses, the bill seeks to overcome barriers to participation in state contracts. This approach not only supports the growth of these enterprises but also aims to stimulate broader economic opportunities within the state, particularly benefiting communities that traditionally face obstacles in business development.

Summary

House Bill 858 proposes the establishment of a disadvantaged business assistance program to be operated by the Texas Department of Transportation. The bill aims to create a structured support system for businesses that are classified as disadvantaged, facilitating their development and participation in departmental contracts. This initiative is designed to enhance the competitive edge of these businesses within the marketplace, ensuring they can compete without ongoing assistance from the program.

Contention

While the bill primarily focuses on aiding disadvantaged businesses, there could be areas of contention regarding its implementation and the allocation of funding. Critics might raise concerns over the criteria for classifying businesses as disadvantaged and ensure equitable distribution of resources. Additionally, the effectiveness of the revolving fund and the oversight of its management may be scrutinized to ensure accountability and prevent misuse of state resources. Overall, the success of HB 858 will depend on clear guidelines and robust support mechanisms.