Sec. 505.155. PROJECTS RELATED TO BUSINESS ENTERPRISES THAT CREATE OR RETAIN PRIMARY JOBS. For purposes of this chapter, "project" includes land, buildings, equipment, facilities, and improvements found by the board of directors to promote or develop new or expanded business enterprises that create or retain primary jobs, including:
(1) a project to provide public safety facilities, streets and roads, drainage and related improvements, demolition of existing structures, general municipally owned improvements, and any improvements or facilities related to a project described by this subdivision; and
(2) any other project that the board of directors in the board's discretion determines promotes or develops new or expanded business enterprises that create or retain primary jobs.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Structure Texas Statutes
Title 12 - Planning and Development
Chapter 505 - Type B Corporations
Subchapter D. Authorized Projects
Section 505.151. Authorized Projects
Section 505.152. Projects Related to Recreational or Community Facilities
Section 505.153. Projects Related to Affordable Housing
Section 505.154. Projects Related to Water Supply Facilities and Water Conservation Programs
Section 505.155. Projects Related to Business Enterprises That Create or Retain Primary Jobs
Section 505.156. Projects Related to Business Enterprises in Certain Municipalities
Section 505.1561. Projects Related to Airport Facilities in Certain Municipalities
Section 505.157. Projects Related to Business Enterprises in Landlocked Communities
Section 505.158. Projects Related to Business Development in Certain Small Municipalities
Section 505.159. Hearing Required to Undertake Project
Section 505.160. Election Required for Project; Petition
Section 505.161. Public Purpose Designation; Exemption From Taxation