Tex. Gov't Code § 489.101 · Subchapter B. CREATION AND OPERATION OF BANK; TEXAS ECONOMIC DEVELOPMENT BANK FUND
CREATION OF BANK.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The office shall establish the Texas Economic Development Bank for the purpose of:
(1) providing globally competitive, cost-effective state incentives to expanding businesses operating in this state and businesses relocating to this state; and
(2) ensuring that communities and businesses in this state have access to capital for economic development purposes.
(b) The bank's effectiveness shall be measured on the basis of the number of jobs created and retained and the total amount of nonstate funds leveraged as a result of the bank's efforts.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.489.htm
- Text hash
- sha256 761dabd3b57bc68ed18f995b1003193d60c7d222a4dd591b997f0ab20c1ee91a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Gov't Code § 489.101. Each shows the citation as that text prints it.
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