Tex. Ins. Code § 228.153 · Subchapter D. INVESTMENT BY CERTIFIED CAPITAL COMPANIES
INVESTMENT IN STRATEGIC INVESTMENT BUSINESS REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section:
(1) "Strategic investment area" means an area of this state that qualifies as a strategic investment area under Subchapter O, Chapter 171, Tax Code, or, after the date that subchapter expires, an area that qualified as a strategic investment area under that subchapter immediately before that date.
(2) "Strategic investment business" means a qualified business that:
(A) has the business's principal business operations located in one or more strategic investment areas; and
(B) intends to maintain business operations in the strategic investment areas after receipt of the investment by the certified capital company.
(b) A certified capital company must place at least 30 percent of the amount of qualified investments required by Sections 228.151(a) and (b) in a strategic investment business.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.228.htm
- Text hash
- sha256 ea71a0a68438c5c8e12a69fdb805855c33d9f215206456fcb0251e04f17f22e1
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 3 provisions
Provisions in this library whose text cites Tex. Ins. Code § 228.153. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 228.001GENERAL DEFINITIONS.Printed as Section 228.153(a)
- Tex. Ins. Code § 228.151REQUIRED SCHEDULE OF INVESTMENT.Printed as Section 228.153(b) | Sections 228.152(b) and 228.153(b)
- Tex. Ins. Code § 228.302DECERTIFICATION OF CERTIFIED CAPITAL COMPANY.Printed as Section 228.105, 228.106, 228.107, 228.151, 228.152, 228.153, 228.154, 228.155, 228.156, 228.202, or 228.204
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.