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A BILL TO BE ENTITLED
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AN ACT
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relating to the creation of a low-interest loan program for |
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entrepreneurs with physical or mental disabilities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Title 4, Labor Code, is amended by adding |
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Subtitle D to read as follows: |
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SUBTITLE D. ENTREPRENEURSHIP LOANS FOR PERSONS WITH DISABILITIES |
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CHAPTER 375. ENTREPRENEURSHIP LOANS FOR PERSONS WITH DISABILITIES |
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Sec. 375.001. ENTREPRENEURSHIP LOANS FOR PERSONS WITH |
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DISABILITIES. (a) In this section: |
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(1) "Commission" means the Texas Workforce |
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Commission. |
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(2) "Disability" means, with respect to an individual, |
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a mental or physical impairment that substantially limits at least |
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one major life activity of that individual. |
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(b) The commission shall establish and administer a |
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low-interest loan program to support entrepreneurship among |
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persons with physical and mental disabilities. |
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(c) The commission may solicit and accept gifts, grants, and |
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donations from public and private entities to use for the purposes |
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of this section. |
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(d) The commission shall adopt rules as necessary to |
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establish and administer the loan program established under this |
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section. |
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SECTION 2. Not later than January 1, 2024, the Texas |
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Workforce Commission shall adopt rules necessary to implement |
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Chapter 375, Labor Code, as added by this Act. |
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SECTION 3. This Act takes effect September 1, 2023. |