SUBCHAPTER A GENERAL PROVISIONS
- Texas Section 481.001 - Definitions
In this chapter: (1) Repealed by Acts 2003, 78th Leg., ch. 814, Sec. 6.01(3). (2) "Bond" includes a note, draft, bill, warrant, debenture, certificate, or...
- Texas Section 481.002 - Office
The Texas Economic Development and Tourism Office is an office within the office of the governor. Added by Acts 1989, 71st Leg., ch. 4, Sec....
- Texas Section 481.003 - Sunset Provision
The Texas Economic Development and Tourism Office is subject to Chapter 325 (Texas Sunset Act). Unless continued in existence as provided by that chapter, the...
- Texas Section 481.0042 - Conflict Of Interest
(a) A person may not be the executive director or an employee of the office employed in a "bona fide executive, administrative, or professional capacity,"...
- Texas Section 481.0045 - Negotiated Rulemaking And Alternative Dispute Resolution Policy
(a) The office shall develop and implement a policy to encourage the use of: (1) negotiated rulemaking procedures under Chapter 2008 for the adoption of...
- Texas Section 481.005 - Executive Director; Duties
(a) The governor shall appoint an executive director of the office who serves at the pleasure of the governor. (b) The executive director must have...
- Texas Section 481.0066 - Aerospace And Aviation Office
(a) The office shall establish and maintain an aerospace and aviation office. (b) The office may hire a director of the aerospace and aviation office...
- Texas Section 481.0067 - Small Business Advocate
(a) The executive director shall designate an individual as the small business advocate. (b) To be eligible to serve as the small business advocate, a...
- Texas Section 481.0068 - Office Of Small Business Assistance
(a) Repealed by Acts 2003, 78th Leg., ch. 814, Sec. 6.01(3), eff. Sept. 1, 2003. (b) The Office of Small Business Assistance shall: (1) examine...
- Texas Section 481.00681 - Office Of Small Business Assistance Advisory Task Force
(a) In this section: (1) "Small business" means a business that employs at least 25 but not more than 250 individuals. (2) "Task force" means...
- Texas Section 481.0069 - Spaceport Trust Fund
(a) In this section: (1) "Reusable launch vehicle" means a vehicle intended for repeated use that: (A) is built to operate in or place a...
- Texas Section 481.008 - Audit
(a) The financial transactions of the office are subject to audit by: (1) the state auditor in accordance with Chapter 321; or (2) a private...
- Texas Section 481.009 - Review Of Bonds
(a) Bonds may not be issued under this chapter, and proceeds of bonds issued under this chapter may not be used to finance a project,...
- Texas Section 481.010 - Personnel
(a) The executive director shall employ personnel necessary for the performance of office functions. The equal employment opportunity officer and the internal auditor of the...
SUBCHAPTER B GENERAL POWERS AND DUTIES OF OFFICE
- Texas Section 481.012 - Public Interest Information And Complaints
(a) The office shall prepare information of public interest describing the functions of the office and the office's procedures by which complaints are filed with...
- Texas Section 481.021 - General Powers Of Office
(a) The office may: (1) adopt and enforce rules necessary to carry out this chapter; (2) adopt and use an official seal; (3) solicit and...
- Texas Section 481.0215 - Coordination Of Economic Development Efforts
(a) The executive director of the department or its successor shall work with the legislature and state agencies to identify grants and programs at all...
- Texas Section 481.022 - General Duties Of Office
The office shall: (1) market and promote the state as a premier business location and tourist destination; (2) facilitate the location, expansion, and retention of...
- Texas Section 481.023 - Administration Of Other Statutes
(a) The office shall perform the administrative duties prescribed under: (1) Chapter 1433; and (2) the Development Corporation Act (Subtitle C1, Title 12, Local Government...
- Texas Section 481.024 - Texas Economic Development Corporation
(a) The Texas Economic Development Corporation on behalf of the state shall carry out the public purposes of this chapter. The creation of the corporation...
- Texas Section 481.025 - Empowerment Zone And Enterprise Community Program
The office is the agency of this state responsible for administering the Empowerment Zone and Enterprise Community grant program in this state. The bank shall...
- Texas Section 481.026 - Technological Solutions
The office shall develop and implement a policy that requires the executive director and the staff of the office to research and propose appropriate technological...
- Texas Section 481.027 - Foreign Offices
(a) The office shall maintain and operate offices in foreign countries for the purposes of promoting investment that generates jobs in Texas, exporting of Texas...
- Texas Section 481.029 - Cost Recovery
The office shall recover the cost of providing direct technical assistance, management training services, and other services to businesses and communities when reasonable and practical....
- Texas Section 481.0295 - Identification Of Industry Clusters
(a) The office shall work with industry associations and organizations and key state agencies to identify regional and statewide industry clusters. (b) The activities of...
SUBCHAPTER D INTERNATIONAL TRADE
- Texas Section 481.0296 - Advanced Technology Industries
(a) The office shall coordinate state efforts to attract, develop, or retain technology industries in this state in certain sectors, including: (1) the semiconductor industry;...
- Texas Section 481.043 - General Powers And Duties Relating To International Trade
The office shall: (1) provide businesses in the state with technical assistance, information, and referrals related to the export of products and services, including export...
SUBCHAPTER E BUSINESS DEVELOPMENT--GENERAL PROVISIONS
- Texas Section 481.047 - Confidentiality
Information collected by the office concerning the identity, background, finance, marketing plans, trade secrets, or other commercially sensitive information of a lender or export business...
- Texas Section 481.072 - Definitions
In this subchapter: (1) "Cost" has the meaning assigned that term by Subtitle C1, Title 12, Local Government Code. (2) "Project" has the meaning assigned...
- Texas Section 481.0725 - General Powers And Duties
The office shall: (1) provide businesses with site selection assistance and communities with investment leads; (2) develop a comprehensive business recruitment marketing plan; (3) participate...
- Texas Section 481.073 - Powers And Duties Relating To Financing
(a) , (b) Repealed by Acts 2003, 78th Leg., ch. 814, Sec. 6.01(3). (c) The office may: (1) purchase, discount, sell, assign, negotiate, and otherwise...
- Texas Section 481.075 - Program Rules
(a) The executive director shall adopt rules to establish criteria for determining which users may participate in programs established by the office under this subchapter....
- Texas Section 481.078 - Texas Enterprise Fund
(a) The Texas Enterprise Fund is a dedicated account in the general revenue fund. (b) The following amounts shall be deposited in the fund: (1)...
- Texas Section 481.079 - Report On Use Of Money In Texas Enterprise Fund
(a) Before the beginning of each regular session of the legislature, the governor shall submit to the lieutenant governor, the speaker of the house of...
SUBCHAPTER H BUSINESS DEVELOPMENT--PERMIT ASSISTANCE
- Texas Section 481.080 - Economic And Fiscal Impact Statement For Certain Grant Proposals
(a) Before the governor awards a grant under Section 481.078 to an entity for a proposed initiative, the office shall prepare a statement that, specifically...
- Texas Section 481.121 - Definitions
In this subchapter: (1) "Applicant" means a person acting for himself or authorized to act on behalf of another person to obtain a permit. (2)...
- Texas Section 481.122 - Creation
The business permit office is an office within the Texas Economic Development and Tourism Office. Added by Acts 1989, 71st Leg., ch. 4, Sec. 3.01,...
- Texas Section 481.123 - Duties
The permit office shall: (1) provide comprehensive information on permits required for business enterprises in the state and make that information available to applicants and...
- Texas Section 481.124 - Comprehensive Permit Application Procedure
(a) The permit office shall develop and by rule implement a comprehensive application procedure to expedite the identification and processing of required permits. The permit...
- Texas Section 481.125 - Comprehensive Permit Handbook
(a) The permit office shall compile a comprehensive list of all state permits required of a person desiring to operate a business enterprise in the...
- Texas Section 481.126 - Assistance Of Other State Agencies
Each state agency, on request of the permit office, shall provide assistance, services, facilities, and data to enable the permit office to carry out its...
- Texas Section 481.127 - Comprehensive Permit Information
(a) Each state agency required to review, approve, or grant permits for business undertakings, projects, or activities shall report to the permit office in a...
- Texas Section 481.128 - No Charges For Services
The permit office shall provide its services without charge. Added by Acts 1989, 71st Leg., ch. 4, Sec. 3.01, eff. Sept. 1, 1989. Amended by...
SUBCHAPTER K INFORMATION AND REFERRAL
- Texas Section 481.129 - Environmental Permits
The permit office shall consult and cooperate with the Natural Resource Conservation Commission in conducting any studies on permits issued by the Natural Resource Conservation...
- Texas Section 481.166 - Legislative Findings
The legislature finds that: (1) economic development programs and services are located in a number of state agencies; (2) businesses and communities need a single...
- Texas Section 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...
SUBCHAPTER L TOURISM
- Texas Section 481.169 - Advisory Board Of Economic Development Stakeholders
(a) An advisory board of economic development stakeholders is created to assist the department. (b) The advisory board is composed of seven members who serve...
- Texas Section 481.172 - Duties
(a) The office shall: (1) as the primary state governmental entity responsible for out-of-state tourism marketing and promotion efforts, promote and advertise within the United...
- Texas Section 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...
SUBCHAPTER O MAIN STREET PROGRAM
- Texas Section 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...
- Texas Section 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...
SUBCHAPTER AA WORKFORCE DEVELOPMENT INITIATIVE FOR YOUTH
- Texas Section 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...
SUBCHAPTER BB CAPITAL ACCESS PROGRAM
- Texas Section 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...
- Texas Section 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,...
- Texas Section 481.402 - Capital Access Fund
(a) The capital access fund is a dedicated account in the general revenue fund. (b) Appropriations for the implementation and administration of this subchapter and...
- Texas Section 481.404 - Powers Of Bank In Administering Capital Access 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,...
- Texas Section 481.405 - Capital Access Program
(a) The bank shall establish a capital access program to assist a participating financial institution in making loans to businesses and nonprofit organizations that face...
- Texas Section 481.406 - Rulemaking Authority
(a) The executive director shall adopt rules relating to the implementation of the program and any other rules necessary to accomplish the purposes of this...
- Texas Section 481.407 - Provisions Relating To Capital Access Loan
(a) Except as otherwise provided by this subchapter, the bank may not determine the recipient, amount, or interest rate of a capital access loan or...
- Texas Section 481.408 - Reserve Account
(a) On approval by the bank and after entering into a participation agreement with the bank, a participating financial institution making a capital access loan...
- Texas Section 481.409 - Limitations On State Contribution To Reserve Account
(a) The amount deposited by the bank into a participating financial institution's reserve account for any single loan recipient may not exceed $150,000 during a...
- Texas Section 481.410 - State's Rights With Respect To Reserve Account
(a) All of the money in a reserve account established under this subchapter is property of the state. (b) The state is entitled to earn...
- Texas Section 481.411 - Annual Report
A participating financial institution shall submit an annual report to the bank. The report must: (1) provide information regarding outstanding capital access loans, capital access...
- Texas Section 481.412 - Reports; Audits
(a) The office shall submit to the legislature an annual status report on the program's activities. (b) The financial transactions of the fund are subject...
- Texas Section 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...
- Texas Section 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,...
SUBCHAPTER DD DEFENSE COMMUNITY ASSISTANCE
- Texas Section 481.415 - Allocation And Transfer Of Money From Capital Access Fund
(a) Notwithstanding any other provision of this subchapter, the bank may allocate money held in or due to the capital access fund to programs administered...
- Texas Section 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)...
- Texas Section 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...
- Texas Section 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....
- Texas Section 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...