Tex. Gov't Code Section 2310.403
State Preferences

(a)

A state agency shall give preference to the governing body of a readjustment zone or a qualified business or qualified employee located in a readjustment zone over other eligible applicants for grants, loans, or credit enhancements that are administered by the state agency if:

(1)

at least 50 percent of the grant, loan, or credit enhancement will be spent for the direct benefit of the readjustment zone; and

(2)

the purpose of the grant, loan, or credit enhancement is to:

(A)

promote economic development in the community; or

(B)

construct, improve, extend, repair, or maintain public facilities in the community.

(b)

The comptroller may and is encouraged to deposit state money in financial institutions located or doing business in readjustment zones.

(c)

A state agency may and is encouraged to contract with businesses located in readjustment zones.

(d)

The office or another state agency may give preference to readjustment zones in granting economic development money or other benefits.
Added by Acts 1997, 75th Leg., ch. 114, Sec. 1, eff. May 19, 1997. Amended by Acts 2003, 78th Leg., ch. 814, Sec. 3.46, eff. Sept. 1, 2003.

Source: Section 2310.403 — State Preferences, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­2310.­htm#2310.­403 (accessed May 11, 2024).

2310.001
Definitions 2310.002
Jurisdiction of Municipality 2310.051
General Powers and Duties 2310.052
Evaluation 2310.053
Assistance 2310.054
Coordination with Other Governmental Entities 2310.101
Criteria for Readjustment Zone Designation 2310.102
Adversely Affected Defense-dependent Community 2310.103
Nomination of Readjustment Zone 2310.104
Nominating Ordinance or Order 2310.105
Application for Designation 2310.106
Review of Application 2310.107
Designation Agreement 2310.108
Denial of Application 2310.109
Period of Designation 2310.110
Amending Boundaries 2310.111
Removal of Designation 2310.201
Administration by Governing Body 2310.202
Administration by Administrative Authority 2310.203
Liaison 2310.204
Annual Report 2310.301
Definition 2310.302
Qualified Business 2310.303
Prohibition on Qualified Business Certification 2310.304
Request for Application for Defense Readjustment Project Designation 2310.305
Application for Defense Readjustment Project Designation 2310.306
Defense Readjustment Project Designation 2310.307
Allocation of Jobs Eligible for Tax Refund 2310.308
Duration of Certain Designations 2310.401
Exemptions from State Regulation 2310.402
Review of State Agency Rules 2310.403
State Preferences 2310.404
State Tax Refunds and Credits 2310.405
Local Sales and Use Tax Refunds 2310.406
Reduction or Elimination of Local Fees or Taxes 2310.407
Tax Increment Financing and Abatement 2310.408
Development Bonds 2310.409
Other Local Incentives 2310.410
Disposition of Public Property in Readjustment Zone 2310.411
Waiver of Performance Bond 2310.412
Liability of Contractor or Architect 2310.413
Monitoring Defense Readjustment Project Commitments
Green check means up to date. Up to date

Accessed:
May 11, 2024

§ 2310.403’s source at texas​.gov