| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 87R3939 JTS-D | |
| 2 | 2 | By: Powell S.B. No. 386 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to development corporation projects to support businesses | |
| 8 | 8 | and retain jobs during a declared state of disaster. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Subchapter C, Chapter 501, Local Government | |
| 11 | 11 | Code, is amended by adding Section 501.108 to read as follows: | |
| 12 | 12 | Sec. 501.108. BUSINESS SUPPORT AND JOB RETENTION DURING | |
| 13 | 13 | STATE OF DISASTER. (a) This section applies only to a corporation | |
| 14 | 14 | the creation of which was authorized by a unit wholly or partly | |
| 15 | 15 | located in an area subject to a state of disaster declared under | |
| 16 | 16 | Section 418.014, Government Code. | |
| 17 | 17 | (b) In this subtitle, "project" includes expenditures found | |
| 18 | 18 | by the board of directors to be required or suitable for use to | |
| 19 | 19 | support businesses and retain jobs during the period the area is | |
| 20 | 20 | subject to the declaration of disaster. | |
| 21 | 21 | SECTION 2. This Act takes effect immediately if it receives | |
| 22 | 22 | a vote of two-thirds of all the members elected to each house, as | |
| 23 | 23 | provided by Section 39, Article III, Texas Constitution. If this | |
| 24 | 24 | Act does not receive the vote necessary for immediate effect, this | |
| 25 | 25 | Act takes effect September 1, 2021. |