reglab/statecodes huggingface dataset:
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter K. Information and Referral › Section 481.167. Texas Business and Community Economic Development Clearinghouse

Sec. 481.167.  TEXAS BUSINESS AND COMMUNITY ECONOMIC DEVELOPMENT CLEARINGHOUSE.  (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.
(b)  The clearinghouse shall collect and disseminate information on federal, state, local, and private:
(1)  business development programs, including financial assistance and business incentive programs;
(2)  business development services, including technical assistance, workshops, business incubators, training, and useful publications;
(3)  rural and urban community economic development programs, including loans, grants, and other funding sources;
(4)  rural and urban community economic development services, including technical assistance, workshops, training, and useful publications;
(5)  small business programs and services and useful publications;
(6)  defense economic adjustment programs and services and useful publications;  and
(7)  international trade programs, services, and useful publications.
(c)  The clearinghouse shall provide access to the information compiled under this subchapter in a user-friendly format through the use of the Internet.
(d)  The office shall obtain from other state agencies appropriate information needed by the office to carry out its duties under this subchapter.
(e)  The comptroller shall assist the office in furthering the purposes of this subchapter by allowing the office to use the field offices and personnel of the comptroller to disseminate brochures, documents, and other information useful to businesses in the state.
Added by Acts 1997, 75th Leg., ch. 1041, Sec. 44, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 814, Sec. 1.40, eff. Sept. 1, 2003.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter L. Tourism › Section 481.173. Name and Picture of Living State Official

Sec. 481.173.  NAME AND PICTURE OF LIVING STATE OFFICIAL.  The name or the picture of a living state official may not be used for advertising purposes under this subchapter.
Added by Acts 1989, 71st Leg., ch. 4, Sec. 3.01, eff. Sept. 1, 1989.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter L. Tourism › Section 481.174. Advertisements in Tourism Promotions

Sec. 481.174.  ADVERTISEMENTS IN TOURISM PROMOTIONS.  (a)  The office may sell advertisements in travel promotions in any medium.
(b)  The executive director shall adopt rules to implement the sale of advertisements under Subsection (a), including rules regulating:
(1)  the cost of advertisements;
(2)  the type of products or services that may be advertised;
(3)  the size of advertisements;  and
(4)  refunds on advertisements that are not run.
(c)  Proceeds from the sale of advertisements shall be deposited in the special account in the general revenue fund that may be used for advertising and marketing activities of the office as provided by Section 156.251, Tax Code.
Added by Acts 1993, 73rd Leg., ch. 986, Sec. 23, eff. Sept. 1, 1993.  Amended by Acts 1997, 75th Leg., ch. 1041, Sec. 42, eff. Sept. 1, 1997;  Acts 2003, 78th Leg., ch. 814, Sec. 1.42, eff. Sept. 1, 2003.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter P. Research and Data Services › Section 481.211. Powers and Duties

Sec. 481.211.  POWERS AND DUTIES.  The office shall:
(1)  compile and update demographic and economic information on the state;
(2)  develop and update information products for local communities on community economic development issues and practices that encourage regional cooperation;  and
(3)  compile and disseminate information on economic and industrial development trends and issues, including NAFTA, emerging industries, and patterns of international trade and investment.
Added by Acts 1997, 75th Leg., ch. 1041, Sec. 44, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 814, Sec. 1.49, eff. Sept. 1, 2003.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter P. Research and Data Services › Section 481.212. Compilation and Distribution of Data and Research

Sec. 481.212.  COMPILATION AND DISTRIBUTION OF DATA AND RESEARCH.  (a)  To serve as a one-stop center for business-related information, the office shall obtain from other state agencies and organizations, including the comptroller and the Texas Workforce Commission, business-related statistics and data.
(b)  To maximize the accessibility of business-related data, the office shall create a web site to publish business-related information on the Internet.  The web site must provide connections to other business-related web sites.
(c)  The office may charge a reasonable access fee in connection with this subchapter.
Added by Acts 1997, 75th Leg., ch. 1041, Sec. 44, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 814, Sec. 1.50, eff. Sept. 1, 2003.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter AA. Workforce Development Initiative for Youth › Section 481.379. Design Committee

Sec. 481.379.  DESIGN COMMITTEE.  (a)  Expired.
(b)  The design committee is composed of members appointed by the executive director as follows:
(1)  three members who are employers, representing the business community, including representation of small businesses;
(2)  three members who are employees, representing the labor community;
(3)  three members who are high school teachers, representing secondary education, including representation by persons with experience in the federal technical preparatory education programs created under 20 U.S.C. Section 2394b;
(4)  three members who are faculty members of institutions of higher education, representing higher education, including representation by persons with experience in the federal technical preparatory education programs created under 20 U.S.C. Section 2394b;
(5)  three members who are training directors from registered United States Department of Labor Bureau of Apprenticeship and Training programs;  and
(6)  three members who are persons who are not eligible for appointment under Subdivisions (1) through (5), representing the general public.
(c)  to (e) Expired.
Added by Acts 1993, 73rd Leg., ch. 709, Sec. 1, eff. Aug. 30, 1993.  Amended by Acts 1995, 74th Leg., ch. 260, Sec. 30, eff. May 30, 1995.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter BB. Access to Capital Programs › Section 481.401. Definitions

Sec. 481.401.  DEFINITIONS.  In this subchapter:
(1)  "Capital access loan" means a loan that is entitled to be secured by the fund.
(2)  "Financial institution" includes a bank, trust company, banking association, savings and loan association, mortgage company, investment bank, credit union, or nontraditional financial institution.
(3)  "Fund" means the original capital access fund.
(4)  "Loan" includes a line of credit.
(5)  "Medium-sized business" means a corporation, partnership, sole proprietorship, or other legal entity that:
(A)  is domiciled in this state or has at least 51 percent of its employees located in this state;
(B)  is formed to make a profit;  and
(C)  employs 100 or more but fewer than 500 full-time employees.
(6)  "Nonprofit organization" means a private, nonprofit, tax-exempt corporation, association, or organization listed in Section 501(c)(3), Internal Revenue Code of 1986, that is domiciled in this state or has at least 51 percent of its members located in this state.
(6-a)  Repealed by Acts 2023, 88th Leg., R.S., Ch. 690 (H.B. 1515), Sec. 16(2), eff. September 1, 2023.
(7)  "Participating financial institution" means a financial institution participating in a program.
(8)  "Program" means an access to capital program established by the bank under this subchapter.
(9)  "Reserve account" means an account established in a participating financial institution on approval of the bank in which money is deposited to serve as a source of additional revenue to reimburse the financial institution for losses on loans enrolled in a program.
(10)  "Small business" means a corporation, partnership, sole proprietorship, or other legal entity that:
(A)  is domiciled in this state or has at least 51 percent of its employees located in this state;
(B)  is formed to make a profit;
(C)  is independently owned and operated;  and
(D)  employs fewer than 100 full-time employees.
Added by Acts 1997, 75th Leg., ch. 1163, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 814, Sec. 1.51, eff. Sept. 1, 2003.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 3, eff. June 18, 2021.
Acts 2023, 88th Leg., R.S., Ch. 690 (H.B. 1515), Sec. 16(2), eff. September 1, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter BB. Access to Capital Programs › Section 481.403. Access to Capital Programs

Sec. 481.403.  ACCESS TO CAPITAL PROGRAMS.  The bank may establish access to capital loan-related programs of the following types to promote private access to capital to certain businesses with fewer than 500 full-time employees:
(1)  capital access programs;
(2)  collateral support programs;
(3)  loan guarantee programs; and
(4)  loan participation programs.
Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 5, eff. June 18, 2021.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter BB. Access to Capital Programs › Section 481.406. Rulemaking Authority

Sec. 481.406.  RULEMAKING AUTHORITY.  (a)  The executive director may adopt rules relating to the implementation of any program established under this subchapter and any other rules necessary to accomplish the purposes of this subchapter.
(b)  Repealed by Acts 2023, 88th Leg., R.S., Ch. 690 (H.B. 1515), Sec. 16(3), eff. September 1, 2023.
(c)  Repealed by Acts 2023, 88th Leg., R.S., Ch. 690 (H.B. 1515), Sec. 16(3), eff. September 1, 2023.
(d)  The office shall by rule develop:
(1)  procedures for disbursement of money to borrowers and lending partners for access to capital programs; and
(2)  documentation and recovery effort requirements of a participating partner for a claim against a reserve account.
Added by Acts 1997, 75th Leg., ch. 1163, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 814, Sec. 1.55, eff. Sept. 1, 2003.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 8, eff. June 18, 2021.
Acts 2023, 88th Leg., R.S., Ch. 690 (H.B. 1515), Sec. 7, eff. September 1, 2023.
Acts 2023, 88th Leg., R.S., Ch. 690 (H.B. 1515), Sec. 16(3), eff. September 1, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter BB. Access to Capital Programs › Section 481.411. Annual Report

Sec. 481.411.  ANNUAL REPORT.  A participating financial institution shall submit an annual report to the bank. The report must, at a minimum:
(1)  provide information regarding outstanding loans, loan losses, and any other information related to participation in a program established under this subchapter the bank considers appropriate;
(2)  state the total amount of loans for which the bank has made a contribution from the fund under this subchapter;
(3)  include a copy of the institution's most recent financial statement; and
(4)  include information regarding the type and size of businesses and nonprofit organizations with loans under this subchapter.
Added by Acts 1997, 75th Leg., ch. 1163, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 814, Sec. 1.60, eff. Sept. 1, 2003.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 13, eff. June 18, 2021.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter BB. Access to Capital Programs › Section 481.412. Reports; Audits

Sec. 481.412.  REPORTS;  AUDITS.  (a)  Repealed by Acts 2023, 88th Leg., R.S., Ch. 690 (H.B. 1515), Sec. 16(4), eff. September 1, 2023.
(b)  The financial transactions of the fund are subject to audit by the state auditor as provided by Chapter 321.
Added by Acts 1997, 75th Leg., ch. 1163, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 814, Sec. 1.61, eff. Sept. 1, 2003.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 14, eff. June 18, 2021.
Acts 2023, 88th Leg., R.S., Ch. 690 (H.B. 1515), Sec. 16(4), eff. September 1, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter BB. Access to Capital Programs › Section 481.413. State Liability Prohibited

Sec. 481.413.  STATE LIABILITY PROHIBITED.  The state is not liable to a participating financial institution for payment of the principal, the interest, or any late charges on a capital access loan made under this subchapter.
Added by Acts 1997, 75th Leg., ch. 1163, Sec. 1, eff. Sept. 1, 1997.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter BB. Access to Capital Programs › Section 481.414. Gifts and Grants

Sec. 481.414.  GIFTS AND GRANTS.  The bank may accept gifts, grants, and donations from any source for the purposes of this subchapter.
Added by Acts 1997, 75th Leg., ch. 1163, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 814, Sec. 1.62, eff. Sept. 1, 2003.
Subchapter CC, consisting of Secs. 481.451 to 481.458, was added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1.
For another Subchapter CC, consisting of Secs. 481.601 to 481.609, added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, see Sec. 481.601 et seq., post.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter CC. Micro-Business Disaster Recovery Program › Section 481.451. Definitions

Sec. 481.451.  DEFINITIONS.  In this subchapter:
(1)  "Community development financial institution" has the meaning assigned by 12 U.S.C. Section 4702.
(2)  "Declared disaster" means:
(A)  a declaration of a state of disaster under Section 418.014 or 418.108; or
(B)  a disaster declared by the president of the United States, if any part of this state is named in the federally designated disaster area.
(3)  "Default rate" means the percentage of micro-business disaster recovery loans made that did not meet the payment terms during a period specified by the bank.
(4)  "Fund" means the micro-business recovery fund established under Section 481.452.
(5)  "Micro-business" means a corporation, partnership, sole proprietorship, or other legal entity that:
(A)  is domiciled in this state and has at least 95 percent of its employees located in this state;
(B)  is formed to make a profit; and
(C)  employs not more than 20 employees.
(6)  "Micro-business disaster recovery loan" or "disaster recovery loan" means a loan made by a participating community development financial institution to micro-businesses under the program.
(7)  "Program" means the micro-business disaster recovery loan program established under this subchapter.
Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter CC. Micro-Business Disaster Recovery Program › Section 481.452. Micro-Business Recovery Fund

Sec. 481.452.  MICRO-BUSINESS RECOVERY FUND.  (a)  The micro-business recovery fund is a dedicated account in the general revenue fund.
(b)  Appropriations for the implementation and administration of this subchapter and any other amounts, including federal allocations, received by the bank or state under this subchapter shall be deposited in the fund.
(c)  Money in the fund may be appropriated only to the bank for use in carrying out the purposes of this subchapter.
Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter CC. Micro-Business Disaster Recovery Program › Section 481.453. Powers of Bank in Administering Micro-Business Recovery Fund

Sec. 481.453.  POWERS OF BANK IN ADMINISTERING MICRO-BUSINESS RECOVERY FUND.  In administering the fund, the bank has the powers necessary to carry out the purposes of this subchapter, including the power to:
(1)  make, execute, and deliver contracts, conveyances, and other instruments necessary to the exercise of its powers;
(2)  invest money at the bank's discretion in obligations determined proper by the bank, and select and use depositories for its money;
(3)  employ personnel and counsel and pay those persons from money in the fund legally available for that purpose; and
(4)  impose and collect fees and charges in connection with any transaction and provide for reasonable penalties for delinquent payment of fees or charges.
Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter CC. Micro-Business Disaster Recovery Program › Section 481.454. Establishment of Loan Program; Purpose

Sec. 481.454.  ESTABLISHMENT OF LOAN PROGRAM; PURPOSE.  (a)  The bank shall establish and administer a revolving loan program as provided by this subchapter.
(b)  The program shall expand access to capital for qualifying micro-businesses to create jobs in this state and constitutes a capital access program under Subchapter BB.
Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter CC. Micro-Business Disaster Recovery Program › Section 481.455. Program Administration

Sec. 481.455.  PROGRAM ADMINISTRATION.  (a)  The bank, under the program, shall provide zero interest loans to eligible community development financial institutions for purposes of making interest-bearing loans to qualifying micro-businesses that have difficulty in accessing capital following a declared disaster.
(b)  A loan made by an eligible community development financial institution under the program:
(1)  must be made to a micro-business that:
(A)  is in good standing under the laws of this state; and
(B)  did not owe delinquent taxes to a taxing unit of this state before the date of the initial issuance of the disaster declaration;
(2)  may not be made to a micro-business that:
(A)  has total revenue that exceeds the amount for which no franchise tax is due under Section 171.002(d)(2), Tax Code;
(B)  is a franchise;
(C)  is a national chain with operations in this state;
(D)  is a lobbying firm; or
(E)  is a private equity firm or backed by a private equity firm; and
(3)  must meet any other criteria provided by this subchapter.
(c)  Payments on micro-business disaster recovery loans shall be made directly to the lending community development financial institutions.
(d)  All income received on a loan made by a community development financial institution participating in the program is the property of the financial institution.  Income received on a loan includes the payment of interest by a borrower micro-business and the administrative fees assessed by the community development financial institution.
(e)  A community development financial institution participating in the program shall make payments to the bank on the zero interest loans borrowed by the financial institution under the program quarterly, and the bank or this state is not responsible or liable for any defaults in micro-business disaster recovery loans made by the community development financial institution.
Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter CC. Micro-Business Disaster Recovery Program › Section 481.456. Rulemaking

Sec. 481.456.  RULEMAKING.  The executive director shall adopt rules relating to the implementation of the program and any other rules necessary to accomplish the purposes of this subchapter, including rules that provide criteria under which community development financial institutions may qualify for the program.
Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter CC. Micro-Business Disaster Recovery Program › Section 481.457. Oversight

Sec. 481.457.  OVERSIGHT.  (a)  A community development financial institution participating in the program shall report quarterly to the bank:
(1)  the names of micro-businesses that have received a disaster recovery loan;
(2)  the current balance of all outstanding disaster recovery loans;
(3)  the default rate on existing disaster recovery loans; and
(4)  any other information the bank requires.
(b)  A community development financial institution participating in the program shall prepare a detailed financial statement each quarter and provide a copy to the bank.
(c)  A community development financial institution shall allow the bank to inspect the institution's financial records on request for purposes that relate to loans under the program.
Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter DD. Defense Community Assistance › Section 481.501. Definitions

Sec. 481.501.  DEFINITIONS.  In this subchapter:
(1)  "Defense base" means a federally owned or operated military installation, facility, or mission that is functioning on June 1, 2003.
(2)  "Defense community" means a political subdivision, including a municipality, county, defense base development authority, or special district, that is adjacent to, is near, or encompasses any part of a defense base.
(3)  Repealed by Acts 2009, 81st Leg., R.S., Ch. 43, Sec. 22(6), eff. September 1, 2009.
Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. June 18, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 43 (H.B. 2546), Sec. 22(6), eff. September 1, 2009.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter DD. Defense Community Assistance › Section 481.502. Financial Assistance

Sec. 481.502.  FINANCIAL ASSISTANCE.  (a)  The office and the Texas Military Preparedness Commission shall assist defense communities in obtaining financing for economic development projects that seek to address future realignment or closure of a defense base that is in, adjacent to, or near the defense community.  The office shall refer the defense community to:
(1)  a local economic development corporation created under the Development Corporation Act (Subtitle C1, Title 12, Local Government Code) for possible financing; or
(2)  an appropriate state agency that has an existing program to provide financing for the project, including:
(A)  the Texas Water Development Board; or
(B)  the Texas Department of Transportation.
(b)  A state agency making a loan to a defense community under this section shall evaluate the project and determine whether the project may be financed through the agency's program.  The state agency has sole discretion on whether to finance the project.
(c)  Expired.
Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. June 18, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.07, eff. April 1, 2009.
Acts 2009, 81st Leg., R.S., Ch. 43 (H.B. 2546), Sec. 16, eff. September 1, 2009.
Acts 2015, 84th Leg., R.S., Ch. 330 (S.B. 1358), Sec. 14, eff. September 1, 2015.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter DD. Defense Community Assistance › Section 481.503. Memorandum of Understanding

Sec. 481.503.  MEMORANDUM OF UNDERSTANDING.  The office shall enter into a memorandum of understanding with each state agency that has a program to fund economic development projects for defense communities.  The memorandum of understanding shall include each agency's responsibilities in granting and administering a loan to a defense community.
Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. June 18, 2003.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter DD. Defense Community Assistance › Section 481.504. Security for Loans

Sec. 481.504.  SECURITY FOR LOANS.  In addition to any other security provided by law, if a defense community defaults on a loan, a state agency making a loan to the defense community for a project described by Section 481.502(a) may foreclose under a loan agreement in the manner provided by law for foreclosure and liquidate any collateral provided under the loan agreement to recover any outstanding debt.
Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. June 18, 2003.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter EE. Small Business Disaster Recovery Loan Program › Section 481.601. Definitions

Sec. 481.601.  DEFINITIONS.  In this subchapter:
(1)  "Disaster declaration" means a declaration by the governor of a state of disaster under Section 418.014.
(2)  "Fund" means the small business disaster recovery revolving fund created under Section 481.606.
(3)  "Small business" has the meaning assigned by Section 481.401.
(4)  "Trust company" means the Texas Treasury Safekeeping Trust Company.
Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.
Redesignated from Government Code, Subchapter CC, Chapter 481 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.001(19), eff. September 1, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter EE. Small Business Disaster Recovery Loan Program › Section 481.602. Small Business Disaster Recovery Loan Program

Sec. 481.602.  SMALL BUSINESS DISASTER RECOVERY LOAN PROGRAM.  (a)  The office by rule shall establish a loan program to use money from the fund established under this subchapter to provide financial assistance to small businesses affected by a disaster.
(b)  The office may provide financial assistance from the fund only:
(1)  in the form of a loan to an eligible small business that is located in an area under a disaster declaration; and
(2)  during the period for which the disaster declaration is in effect.
(c)  The office shall credit to the fund all principal and interest payments on a loan from the fund.
Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.
Redesignated from Government Code, Subchapter CC, Chapter 481 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.001(19), eff. September 1, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter EE. Small Business Disaster Recovery Loan Program › Section 481.603. Eligibility for Loan

Sec. 481.603.  ELIGIBILITY FOR LOAN.  The office by rule shall establish the eligibility requirements for a loan to a small business under this subchapter.  The requirements must include that the small business:
(1)  is in good standing under the laws of this state;
(2)  does not owe delinquent taxes to a taxing unit of this state;
(3)  has suffered physical damage or economic injury as a result of the event leading to the disaster declaration; and
(4)  has paid in full any previous loans received under this subchapter.
Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.
Redesignated from Government Code, Subchapter CC, Chapter 481 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.001(19), eff. September 1, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter EE. Small Business Disaster Recovery Loan Program › Section 481.604. Uses of Loan

Sec. 481.604.  USES OF LOAN.  An eligible small business may only use a loan received under this subchapter to pay the small business's payroll costs, including costs related to the continuation of health care benefits for the small business's employees.
Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.
Redesignated from Government Code, Subchapter CC, Chapter 481 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.001(19), eff. September 1, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter EE. Small Business Disaster Recovery Loan Program › Section 481.605. Application for Loan

Sec. 481.605.  APPLICATION FOR LOAN.  The office shall develop and implement an application process for an eligible small business to receive a loan under this subchapter.
Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.
Redesignated from Government Code, Subchapter CC, Chapter 481 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.001(19), eff. September 1, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter EE. Small Business Disaster Recovery Loan Program › Section 481.606. Small Business Disaster Recovery Revolving Fund

Sec. 481.606.  SMALL BUSINESS DISASTER RECOVERY REVOLVING FUND.  (a)  The small business disaster recovery revolving fund is a special fund outside the state treasury to be used by the office, without further legislative appropriation, for the purpose of providing financial assistance to small businesses in response to a disaster declaration as provided by this subchapter.  The office shall administer the fund.  The office may establish separate accounts in the fund.  The fund and the fund's accounts are kept and held by the trust company in escrow and in trust for and in the name of the office.  The office has legal title to money and investments in the fund until money is disbursed from the fund as provided by this subchapter and office rules.
(b)  Money deposited to the credit of the fund may be used only as provided by this subchapter.
(c)  The fund consists of:
(1)  money transferred or deposited to the credit of the fund by law, including money from any source transferred or deposited to the credit of the fund at the office's discretion as authorized by law;
(2)  the proceeds of any fee or tax imposed by this state that by statute is dedicated for deposit to the credit of the fund;
(3)  any other revenue that the legislature by statute dedicates for deposit to the credit of the fund; and
(4)  investment earnings and interest earned on amounts credited to the fund.
Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.
Redesignated from Government Code, Subchapter CC, Chapter 481 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.001(19), eff. September 1, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter EE. Small Business Disaster Recovery Loan Program › Section 481.607. Management and Investment of Fund

Sec. 481.607.  MANAGEMENT AND INVESTMENT OF FUND.  (a)  The trust company shall hold and invest the fund, and any accounts established in the fund, for and in the name of the office, taking into account the purposes for which money in the fund may be used.  The fund may be co-invested with the state treasury pool.
(b)  The overall objective for the investment of the fund is to maintain sufficient liquidity to meet the needs of the fund while striving to preserve the purchasing power of the fund.  It is the intent of the legislature that the fund remain available in perpetuity for the purposes of this subchapter.
(c)  The trust company has any power necessary to accomplish the purposes of managing and investing the assets of the fund.  In managing the assets of the fund, through procedures and subject to restrictions the trust company considers appropriate, the trust company may acquire, exchange, sell, supervise, manage, or retain any kind of investment that a prudent investor, exercising reasonable care, skill, and caution, would acquire or retain in light of the purposes, terms, distribution requirements, and other circumstances of the fund then prevailing, taking into consideration the investment of all the assets of the fund rather than a single investment.
(d)  The trust company may recover the costs incurred in managing and investing the fund only from the earnings of the fund.
(e)  The trust company annually shall report to the office with respect to the investment of the fund.  The trust company shall contract with a certified public accountant to conduct an independent audit of the fund annually and shall present the results of each annual audit to the office.  This subsection does not affect the state auditor's authority to conduct an audit of the fund under Chapter 321.
(f)  The trust company shall adopt an investment policy that is appropriate for the fund.  The trust company shall present the investment policy to the investment advisory board established under Section 404.028.  The investment advisory board shall submit to the trust company recommendations regarding the policy.
(g)  The office annually shall provide to the trust company a forecast of the cash flows into and out of the fund.  The office shall provide updates to the forecasts as appropriate to ensure that the trust company is able to achieve the objective specified by Subsection (b).
(h)  The trust company shall disburse money from the fund as directed by the office.
Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.
Redesignated from Government Code, Subchapter CC, Chapter 481 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.001(19), eff. September 1, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter EE. Small Business Disaster Recovery Loan Program › Section 481.608. Rules

Sec. 481.608.  RULES.  The office shall adopt rules necessary to implement this subchapter.
Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.
Redesignated from Government Code, Subchapter CC, Chapter 481 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.001(19), eff. September 1, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter EE. Small Business Disaster Recovery Loan Program › Section 481.609. Report

Sec. 481.609.  REPORT.  Not later than December 1 of each even-numbered year, the office shall prepare and submit to the governor, the lieutenant governor, and each member of the legislature a report that includes:
(1)  the balance of the fund as of the date of the report;
(2)  the total dollar amount of disbursements from the fund during the two-year period preceding that date; and
(3)  a general description of each small business for which an applicant was awarded a loan from the fund during the two-year period preceding that date.
Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.
Redesignated from Government Code, Subchapter CC, Chapter 481 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.001(19), eff. September 1, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter GG. Texas Semiconductor Innovation Consortium › Section 481.651. Definitions

Sec. 481.651.  DEFINITIONS.  In this subchapter:
(1)  "Consortium" means the Texas Semiconductor Innovation Consortium.
(2)  "Executive committee" means the executive committee of the consortium.
(3)  "Fund" means the Texas Semiconductor Innovation Fund.
(4)  "Institution of higher education" has the meaning assigned by Section 61.003, Education Code.
Added by Acts 2023, 88th Leg., R.S., Ch. 455 (H.B. 5174), Sec. 1, eff. June 9, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter GG. Texas Semiconductor Innovation Consortium › Section 481.652. Establishment; Purposes

Sec. 481.652.  ESTABLISHMENT; PURPOSES.  (a)  The Texas Semiconductor Innovation Consortium is established as an advisory panel to the governor and the legislature.
(b)  The purposes of the consortium are to:
(1)  leverage the expertise and capacity of institutions of higher education, industry, and nonprofit stakeholders to develop a comprehensive strategic plan to ensure ongoing semiconductor innovation;
(2)  sustain the leadership of this state in advanced semiconductor research, design, and manufacturing;
(3)  attract public and private investment in this state related to research, development, commercialization, and manufacturing of semiconductors;
(4)  identify and expand opportunities for workforce training and development related to the research, design, and manufacturing of semiconductors; and
(5)  establish a forum for public and private stakeholders across the semiconductor manufacturing industry in this state to focus on education, research and development, and commercial production.
Added by Acts 2023, 88th Leg., R.S., Ch. 455 (H.B. 5174), Sec. 1, eff. June 9, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter GG. Texas Semiconductor Innovation Consortium › Section 481.653. Composition of Consortium

Sec. 481.653.  COMPOSITION OF CONSORTIUM.  (a)  The consortium is composed of a designee of each of the following institutions of higher education appointed by the office of the president of the institution:
(1)  The University of Texas at Arlington;
(2)  The University of Texas at Austin;
(3)  The University of Texas at Dallas;
(4)  The University of Texas at El Paso;
(5)  The University of Texas Rio Grande Valley;
(6)  The University of Texas at San Antonio;
(7)  Texas A&M University;
(8)  Prairie View A&M University;
(9)  the University of Houston;
(10)  the University of North Texas;
(11)  Texas Tech University;
(12)  Texas State University;
(13)  Texas State Technical College System;
(14)  Lamar University;
(15)  Lamar State College - Orange;
(16)  Lamar State College - Port Arthur;
(17)  Lamar Institute of Technology;
(18)  Austin Community College; and
(19)  Dallas Community College.
(b)  In addition to the appointments under Subsection (a), the executive committee established under Section 481.655 may appoint any other entity or individual the executive committee considers necessary.
(c)  In making appointments under Subsections (a) and (b), priority shall be given to individuals with experience in semiconductor design and manufacturing.
Added by Acts 2023, 88th Leg., R.S., Ch. 455 (H.B. 5174), Sec. 1, eff. June 9, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter GG. Texas Semiconductor Innovation Consortium › Section 481.654. Administrative Attachment

Sec. 481.654.  ADMINISTRATIVE ATTACHMENT.  (a)  The consortium is administratively attached to the office of the governor.
(b)  The office shall provide the staff and facilities necessary to assist the consortium in performing the consortium's duties under this subchapter.
Added by Acts 2023, 88th Leg., R.S., Ch. 455 (H.B. 5174), Sec. 1, eff. June 9, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter GG. Texas Semiconductor Innovation Consortium › Section 481.655. Executive Committee Composition

Sec. 481.655.  EXECUTIVE COMMITTEE COMPOSITION.  (a)  The consortium is governed by an executive committee composed of the following members:
(1)  three members appointed by the governor;
(2)  two members appointed by the lieutenant governor;
(3)  two members appointed by the speaker of the house of representatives;
(4)  the chancellor of The Texas A&M University System or the chancellor's designee; and
(5)  the chancellor of The University of Texas System or the chancellor's designee.
(b)  In making appointments under Subsection (a), priority shall be given to individuals with experience in manufacturing, design, industrial development, academic research, and scientific research in the field of semiconductors.
(c)  In making appointments under Subsection (a), the governor, the lieutenant governor, and the speaker of the house of representatives shall coordinate to ensure that at least two representatives from the commercial semiconductor design and manufacturing sectors with an established presence in the state are appointed to the executive committee.
Added by Acts 2023, 88th Leg., R.S., Ch. 455 (H.B. 5174), Sec. 1, eff. June 9, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter GG. Texas Semiconductor Innovation Consortium › Section 481.656. Duties of Executive Committee

Sec. 481.656.  DUTIES OF EXECUTIVE COMMITTEE.  (a)  The executive committee shall:
(1)  develop and execute a comprehensive statewide strategic plan to further the objectives of the consortium as established under Section 481.652;
(2)  solicit recommendations from consortium members on funding and research opportunities related to semiconductor research, design, commercialization, and manufacturing;
(3)  appoint an executive director of the consortium and determine the title, functions, duties, powers, and salary for the executive director; and
(4)  prepare and submit the report required by Section 481.657.
(b)  The executive director may enter into agreements with the office of the governor for staff support services to facilitate the work of the consortium.
Added by Acts 2023, 88th Leg., R.S., Ch. 455 (H.B. 5174), Sec. 1, eff. June 9, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter GG. Texas Semiconductor Innovation Consortium › Section 481.657. Biennial Report

Sec. 481.657.  BIENNIAL REPORT.  Not later than December 1 of each even-numbered year, the executive committee shall prepare and submit to the governor and the Legislative Budget Board a written report that outlines:
(1)  activities undertaken to meet the purposes of the consortium under Section 481.652;
(2)  a summary of the funding and research opportunities identified under Section 481.656(a)(2);
(3)  any legislative recommendations to further the purposes of the consortium;
(4)  any prospective grants or funding the consortium members expect to apply for or receive; and
(5)  any research accomplishments associated with the consortium.
Added by Acts 2023, 88th Leg., R.S., Ch. 455 (H.B. 5174), Sec. 1, eff. June 9, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 481 - Texas Economic Development and Tourism Office › Subchapter GG. Texas Semiconductor Innovation Consortium › Section 481.658. Texas Semiconductor Innovation Fund

Sec. 481.658.  TEXAS SEMICONDUCTOR INNOVATION FUND.  (a)  The Texas Semiconductor Innovation Fund is created as a dedicated account within the general revenue fund.  The fund consists of:
(1)  gifts, grants, or donations to the fund; and
(2)  money from any other source designated by the legislature.
(b)  Money in the fund may be used to:
(1)  provide matching funding to state entities, including institutions of higher education, for semiconductor manufacturing and design projects;
(2)  award grants to business entities with an established presence in this state to encourage economic development related to semiconductor manufacturing and design; and
(3)  subject to Subsection (c), pay for staff support services described by Section 481.656(b).
(c)  The consortium shall request from the Legislative Budget Board approval to use money in the fund for the purpose described by Subsection (b)(3).  A request under this subsection shall be considered approved on the 30th day after receipt by the Legislative Budget Board unless expressly disapproved.
Added by Acts 2023, 88th Leg., R.S., Ch. 455 (H.B. 5174), Sec. 1, eff. June 9, 2023.
2023 Texas Statutes › Government Code › Title 4 - Executive Branch › Subtitle F - Commerce and Industrial Development › Chapter 482 - Texas Aerospace and Technology Support › Subchapter A. General Provisions › Section 482.001. Definitions

Sec. 482.001.  DEFINITIONS.  In this chapter:
(1)  "Board" means the board of directors of the commission.
(2)  "Commission" means the Texas Space Commission.
(3)  "Fund" means the space exploration and aeronautics research fund.
(4)  "Institution of higher education" has the meaning assigned by Section 61.003, Education Code.
Added by Acts 2023, 88th Leg., R.S., Ch. 856 (H.B. 3447), Sec. 1, eff. September 1, 2023.