The bill, H.B. No. 1793, amends the eligibility requirements for receiving a grant from the Texas Enterprise Fund. It introduces new provisions that require grant agreements to include a minimum number of jobs to be created in accordance with Section 481.0785, a specified date for job creation, and a minimum investment requirement for the grant's intended purposes. The bill establishes specific job creation and investment thresholds based on the population of the county where the grant is utilized, with varying requirements for counties with populations of 750,000 or more, between 250,000 and 750,000, between 100,000 and 250,000, and less than 100,000.

Additionally, the bill outlines that each job created must be a new permanent full-time position, excluding construction jobs, and must meet certain criteria regarding maintenance and transferability. It also allows the governor to adopt rules for interpreting and administering these new requirements. The changes will apply only to grant agreements entered into on or after the effective date of the Act, which is set for September 1, 2025.

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