Sec. 2310.413. MONITORING DEFENSE READJUSTMENT PROJECT COMMITMENTS. (a) The bank may monitor a defense readjustment project to determine whether and to what extent the project has followed through on any commitments made by it or on its behalf under this chapter.
(b) The bank may determine that the defense readjustment project is not eligible for state tax refunds and credits under Section 2310.404 if the bank finds that:
(1) the project is not willing to cooperate with the bank in providing the bank with the information the bank needs to make the determination under Subsection (a); or
(2) the project has substantially failed to follow through on its commitments made by it or on its behalf under this chapter.
Added by Acts 2001, 77th Leg., ch. 1134, Sec. 1.05, eff. Sept. 1, 2001. Amended by Acts 2003, 78th Leg., ch. 814, Sec. 3.50, eff. Sept. 1, 2003.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2310 - Defense Economic Readjustment Zone
Subchapter F. Readjustment Zone Benefits
Section 2310.401. Exemptions From State Regulation; Suspension of Local Regulation
Section 2310.402. Review of State Agency Rules; Report
Section 2310.403. State Preferences
Section 2310.404. State Tax Refunds and Credits; Report
Section 2310.405. Local Sales and Use Tax Refunds
Section 2310.406. Reduction or Elimination of Local Fees or Taxes
Section 2310.407. Tax Increment Financing and Abatement
Section 2310.408. Development Bonds
Section 2310.409. Other Local Incentives
Section 2310.410. Disposition of Public Property in Readjustment Zone
Section 2310.411. Waiver of Performance Bond
Section 2310.412. Liability of Contractor or Architect
Section 2310.413. Monitoring Defense Readjustment Project Commitments