TITLE: Relating to posting certain economic development agreements on the Internet.

SUMMARY: Relating to posting certain economic development agreements on the Internet.

FULL TEXT:
AN ACT relating to posting certain economic development agreements on the Internet. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subtitle C, Title 12, Local Government Code, is amended by adding Chapter 500 to read as follows: CHAPTER 500. MISCELLANEOUS PLANNING AND DEVELOPMENT PROVISIONS AFFECTING MORE THAN ONE TYPE OF LOCAL GOVERNMENT Sec. 500.001. ECONOMIC DEVELOPMENT AGREEMENTS POSTED ON INTERNET. (a) In this section: (1) "Economic development agreement" means an agreement entered into between a political subdivision and a person to promote state or local economic development and stimulate business and commercial activity, including an agreement that provides financial or other incentives to a business to locate, stay, or expand its operations in or near the political subdivision. (2) "Political subdivision" means a county, municipality, school district, junior college district, other special district, or other subdivision of state government. (b) A political subdivision that maintains an Internet website must post on the website each economic development agreement that the political subdivision enters into. The political subdivision must post each agreement continuously from the date the agreement is executed until the date the agreement expires. SECTION 2. Notwithstanding Section 500.001, Local Government Code, as added by this Act, a political subdivision must post each economic development agreement as defined by that section that is in effect on the effective date of this Act not later than December 1, 2015. SECTION 3. This Act takes effect September 1, 2015.