Texas 2017 - 85th Regular

Texas Senate Bill SB794 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	85R9025 CLG-D
2	2	By: Miles S.B. No. 794
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the biennial report to the legislature on grants made to
8	8	entities under the Texas Enterprise Fund.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. Section 481.079, Government Code, is amended by
11	11	amending Subsection (a) and adding Subsection (a-2) to read as
12	12	follows:
13	13	(a) Before the beginning of each regular session of the
14	14	legislature, the governor shall submit to the lieutenant governor,
15	15	the speaker of the house of representatives, and each other member
16	16	of the legislature a report on grants made under Section 481.078
17	17	that states:
18	18	(1) the number of direct jobs each recipient committed
19	19	to create in this state;
20	20	(2) the number of direct jobs each recipient created
21	21	in this state;
22	22	(3) the median wage of the jobs each recipient created
23	23	in this state;
24	24	(4) the amount of capital investment each recipient
25	25	committed to expend or allocate per project in this state;
26	26	(5) the amount of capital investment each recipient
27	27	expended or allocated per project in this state;
28	28	(6) the total amount of grants made to each recipient;
29	29	(7) the average amount of money granted in this state
30	30	for each job created in this state by grant recipients;
31	31	(8) the number of jobs created in this state by grant
32	32	recipients in each sector of the North American Industry
33	33	Classification System (NAICS); [and]
34	34	(9) of the number of direct jobs each recipient
35	35	created in this state, the number of positions created that provide
36	36	health benefits for employees; and
37	37	(10) the total number of grant recipients that are
38	38	historically underutilized businesses and the total amount of
39	39	grants made to those recipients.
40	40	(a-2) For purposes of Subsection (a)(10):
41	41	(1) "Historically underutilized business" means:
42	42	(A) a corporation formed for the purpose of
43	43	making a profit in which 51 percent or more of all classes of the
44	44	shares of stock or other equitable securities are owned by one or
45	45	more economically disadvantaged persons who have a proportionate
46	46	interest and actively participate in the corporation's control,
47	47	operation, and management;
48	48	(B) a sole proprietorship created for the purpose
49	49	of making a profit that is completely owned, operated, and
50	50	controlled by an economically disadvantaged person;
51	51	(C) a partnership formed for the purpose of
52	52	making a profit in which 51 percent or more of the assets and
53	53	interest in the partnership are owned by one or more economically
54	54	disadvantaged persons who have a proportionate interest and
55	55	actively participate in the partnership's control, operation, and
56	56	management; or
57	57	(D) a joint venture in which each entity in the
58	58	venture is a historically underutilized business, as determined
59	59	under another paragraph of this subdivision.
60	60	(2) "Economically disadvantaged person" has the
61	61	meaning assigned by Section 2161.001.
62	62	SECTION 2. This Act takes effect September 1, 2017.