Texas Senate Bill SB386

Texas 2021 - 87th Regular

Caption

Relating to development corporation projects to support businesses and retain jobs during a declared state of disaster.

Impact

If enacted, SB386 would empower local development corporations to use their resources to support businesses in distress, thereby promoting job retention during challenging times. This legislative change seeks to create a more resilient economic framework that acknowledges the need for swift and effective responses to disasters. The bill is expected to enhance local governments' abilities to act decisively when crises arise, with a focus on maintaining employment levels and supporting critical industries in their recovery efforts.

Summary

SB386 proposes amendments to the Local Government Code by adding provisions for development corporation projects aimed at supporting businesses and retaining jobs during declared states of disaster. The bill specifically targets areas that have been authorized for corporate development where a state disaster declaration exists. Its purpose is to facilitate funding and resources that can assist local economies in recovering from the adverse impacts of disasters, such as natural calamities or significant economic downturns.

Contention

While proponents argue that SB386 provides necessary support for businesses facing hardships, there may be concerns related to how these measures are administered and funded. Critics could raise questions about the potential for misallocation of resources or the effectiveness of such projects in achieving their intended outcomes. Furthermore, there may be debates regarding the balance between local autonomy in managing disaster responses and state-level oversight in the implementation of these support measures.