85R9025 CLG-D
By: Miles S.B. No. 794
A BILL TO BE ENTITLED
AN ACT
relating to the biennial report to the legislature on grants made to
entities under the Texas Enterprise Fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 481.079, Government Code, is amended by
amending Subsection (a) and adding Subsection (a-2) to read as
follows:
(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;
(2) the number of direct jobs each recipient created
in this state;
(3) the median wage of the jobs each recipient created
in this state;
(4) the amount of capital investment each recipient
committed to expend or allocate per project in this state;
(5) the amount of capital investment each recipient
expended or allocated per project in this state;
(6) the total amount of grants made to each recipient;
(7) the average amount of money granted in this state
for each job created in this state by grant recipients;
(8) the number of jobs created in this state by grant
recipients in each sector of the North American Industry
Classification System (NAICS); [and]
(9) of the number of direct jobs each recipient
created in this state, the number of positions created that provide
health benefits for employees; and
(10) the total number of grant recipients that are
historically underutilized businesses and the total amount of
grants made to those recipients.
(a-2) For purposes of Subsection (a)(10):
(1) "Historically underutilized business" means:
(A) a corporation formed for the purpose of
making a profit in which 51 percent or more of all classes of the
shares of stock or other equitable securities are owned by one or
more economically disadvantaged persons who have a proportionate
interest and actively participate in the corporation's control,
operation, and management;
(B) a sole proprietorship created for the purpose
of making a profit that is completely owned, operated, and
controlled by an economically disadvantaged person;
(C) a partnership formed for the purpose of
making a profit in which 51 percent or more of the assets and
interest in the partnership are owned by one or more economically
disadvantaged persons who have a proportionate interest and
actively participate in the partnership's control, operation, and
management; or
(D) a joint venture in which each entity in the
venture is a historically underutilized business, as determined
under another paragraph of this subdivision.
(2) "Economically disadvantaged person" has the
meaning assigned by Section 2161.001.
SECTION 2. This Act takes effect September 1, 2017.