Sec. 2303.401. DEFINITIONS. In this subchapter:
(1) "New permanent job" means a new employment position that:
(A) is created by a qualified business as described by Section 2303.402 at the qualified business site not earlier than the 90th day before the date the business's project or activity is designated as an enterprise project under this chapter;
(B) will provide or has provided for the duration of the project's designation period at least 1,820 hours of employment a year to a qualified employee; and
(C) will exist or has existed at the qualified business site for the longer of:
(i) the duration of the project's designation period; or
(ii) three years after the date on which a state benefit is received as authorized by this chapter.
(2) "Retained job" means a job that:
(A) existed with a qualified business on the 91st day before the date the business's project or activity is designated as an enterprise project;
(B) has provided and will continue to provide employment to a qualified employee of at least 1,820 hours annually; and
(C) will be or has been an employment position for the longer of:
(i) the duration of the project's designation period; or
(ii) three years after the expiration date of the claim period for receipt of a state benefit authorized by this chapter.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.52(a), eff. Sept. 1, 1995; Acts 1995, 74th Leg., ch. 985, Sec. 6, eff. Sept. 1, 1995; Acts 1999, 76th Leg., ch. 1121, Sec. 3, eff. Sept. 1, 1999; Acts 2003, 78th Leg., ch. 814, Sec. 3.09, eff. Sept. 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 1114 (H.B. 3694), Sec. 4, eff. June 15, 2007.
Section: Previous 2303.053 2303.054 2303.101 2303.109 2303.201 2303.204 2303.205 2303.401 2303.402 2303.403 2303.404 2303.405 2303.4051 2303.4052 2303.406 NextLast modified: September 28, 2016