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Current as of January 01, 2024 | Updated by Findlaw Staff
The purposes of this subchapter are to:
(1) create new, high-paying permanent jobs and construction jobs in this state;
(2) encourage financially positive economic development in this state;
(3) provide a temporary competitive economic incentive for attracting certain large-scale economic development projects to this state that, in the absence of this subchapter, would likely locate in another state or nation;
(4) encourage energy and water infrastructure development, including new and expanded dispatchable electric generation facilities;
(5) make this state a national and international leader in new and innovative technologies;
(6) encourage the establishment of certain advanced manufacturing industry sectors critical to national defense and health care;
(7) create new wealth, raise personal income, and foster long-term expansion of state and local tax bases;
(8) provide growing and sustainable economic opportunity for the residents of this state; and
(9) incentivize the preceding objectives in a balanced, transparent, and accountable manner.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 403.601. Purposes - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-403-601/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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