yourstate.us
Home / Texas / Government Code
Tex. Government Code § 489.101

CREATION OF BANK

Texas · Texas Government Code · Status: effective

Banking, Finance & Insurance
Get this as JSONEmbed this
Cite this
Citation
Tex. Government Code § 489.101, CREATION OF BANK, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/655122
Permanent ID
ys:prov:655122@1
SHA-256
9f778479d68075ef3a89757ce69dfc3c7b40181d49814bda0d2cb43f90e461f3

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(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.