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Texas Government Code - GOV'T § 489.101. Creation of Bank

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The office shall establish the Texas Economic Development Bank for the purpose of:

(1) providing globally competitive, cost-effective state incentives to expanding businesses operating in this state and businesses relocating to this state;  and

(2) ensuring that communities and businesses in this state have access to capital for economic development purposes.

(b) The bank's effectiveness shall be measured on the basis of the number of jobs created and retained and the total amount of nonstate funds leveraged as a result of the bank's efforts.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 489.101. Creation of Bank - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-489-101/

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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