89R22954 MLH-F
By: Button H.B. No. 4850
Substitute the following for H.B. No. 4850:
By: Button C.S.H.B. No. 4850
A BILL TO BE ENTITLED
AN ACT
relating to programs to promote economic development in the Office
of the Governor.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 481.0066(e), Government Code, is amended
to read as follows:
(e) The governor shall appoint an aerospace and aviation
advisory committee consisting of:
(1) seven qualified members to assist in the state's
economic development efforts to recruit and retain aerospace and
aviation jobs and investment; [and]
(2) one qualified member representing a federal entity
or the United States armed forces; and
(3) one member for each active spaceport development
corporation in the state who represents the interests of each
respective spaceport development corporation.
SECTION 2. Section 481.167(a), Government Code, is amended
to read as follows:
(a) The office shall establish the Texas Business and
Community Economic Development Clearinghouse to provide
information and assistance to businesses and communities in the
state [through the use of a statewide toll-free telephone service].
SECTION 3. Section 490D.051(c), Government Code, is amended
to read as follows:
(c) The criteria established under Subsection (b)(1) must
include a requirement that not less than 51 percent of [all or
virtually] all significant parts and processing of a product
originated in this state.
SECTION 4. Chapter 490H, Government Code, is repealed.
SECTION 5. This Act takes effect September 1, 2025.