The bill proposes the establishment of the Texas Grocery Access Investment Fund Program, aimed at providing financing for the construction, rehabilitation, or expansion of grocery stores in underserved low-income and moderate-income areas across Texas. It introduces Chapter 26 to the Agriculture Code, defining key terms such as "grocery store," "low-income area," and "fund." The program will be administered by the Department of Agriculture in collaboration with public and private partners, and it will be funded through legislative appropriations, grants, loans, and other financial sources. The bill mandates that at least 25% of the fund be allocated for grants or forgivable loans, while limiting administrative costs to no more than 10% of the total fund.

Additionally, the bill outlines the responsibilities of the Department of Agriculture, including contracting with qualified nonprofit organizations or community development financial institutions to manage the program. It requires the establishment of program guidelines, evaluation of applicants, and monitoring of funded projects. The bill also specifies eligibility criteria for applicants, which include demonstrating the capacity for project implementation and agreeing to certain operational standards, such as promoting the sale of fresh produce and hiring local residents. The Department is tasked with creating project eligibility guidelines and ensuring compliance with reporting requirements. The act is set to take effect on September 1, 2025, with specific deadlines for rule adoption and fund transfer.

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