TITLE: Relating to use of tax revenue by certain development corporations for job-related skills training.

SUMMARY: Relating to use of tax revenue by certain development corporations for job-related skills training.

FULL TEXT:
AN ACT relating to use of tax revenue by certain development corporations for job-related skills training. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 501.163(a), Local Government Code, is amended to read as follows: (a) This section applies only to a corporation the creation of which was authorized by a municipality that: (1) has a population of 10,000 or more; (2) is located in a county that borders: (A) [bordering] the Gulf of Mexico or the Gulf Intracoastal Waterway; or (B) the United Mexican States and in which four municipalities with a population of 70,000 or more are located; and (3) has, or is included in a metropolitan statistical area of this state that has, an unemployment rate that averaged at least two percent above the state average for the most recent two consecutive years for which statistics are available. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.