House Bill No. 1793 amends the eligibility requirements for receiving a grant from the Texas Enterprise Fund. The bill introduces new provisions that require grant agreements to include a minimum number of jobs to be created and a specified date for job creation. Additionally, it mandates that recipients must make a minimum investment in the purposes for which the grant is intended. The new section 481.0785 outlines specific job creation and investment requirements based on the population of the county where the grant is utilized, with varying thresholds for job creation and investment amounts depending on the county's population size.

The bill establishes that for counties with populations of 750,000 or more, recipients must create at least 75 jobs and invest a minimum of $200 million; for counties with populations between 250,000 and 750,000, the requirements are 50 jobs and $100 million; for counties with populations between 100,000 and 250,000, the requirements are 35 jobs and $50 million; and for counties with populations under 100,000, the requirements are 10 jobs and $20 million. The bill also specifies that jobs created must be new, permanent, full-time positions and outlines the conditions under which these jobs can be counted towards the 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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