81st Texas Legislature, House Bill 1016, Chapter 506 Page: 90 of 136
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S.B. No. 1016
1 development financial institution that primarily represents a
2 county or municipality described by this subsection.
3 (b) Financial assistance under Subsection (a) may be used
4 only for a project relating to:
5 (1) the acquisition or development of land, easements,
6 or rights-of-way;
7 (2) attracting new private enterprises to the county
8 or municipality, including:
9 (A) manufacturing facilities;
10 (B) freight storage facilities;
11 (C) distribution warehouse centers; and
12 (D) other nonretail private enterprises;
13 (3) the construction, extension, or other improvement
14 of:
15 (A) water or waste disposal facilities; or
16 (B) transportation infrastructure; or
17 (4) any other activity relating to private economic
18 development that the commissioner determines will encourage19 economic and infrastructure development in a rural area.
20 (c) To further a purpose described by Subsection (b), the
21 commissioner may provide financial assistance to an eligible
22 county, municipality, community development financial institution,
23 or economic development corporation by:
24 (1) extending credit by direct loan, based on the
25 credit of the county, municipality, community development
26 financial institution, or economic development corporation;
27 (2) providing a credit enhancement;90
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Texas. Legislature. Senate. 81st Texas Legislature, House Bill 1016, Chapter 506, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth149265/m1/90/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.