USE OF TAX REVENUE FOR JOB-RELATED SKILLS TRAINING BY CERTAIN CORPORATIONS

(a) This section applies only to a corporation the creation of which was authorized by a municipality that: (1) has a population of 10,000 or more; (2) is located in a county that borders: (A) the Gulf of Mexico or the Gulf Intracoastal Waterway; or (B) the United Mexican States and in which four municipalities with a population of 70,000 or more are located; and (3) has, or is included in a metropolitan statistical area of this state that has, an unemployment rate that averaged at least two percent above the state average for the most recent two consecutive years for which statistics are available. (b) A corporation may spend tax revenue received under this subtitle for job training that consists of: (1) providing job-related life skills sufficient to enable an unemployed individual to obtain employment; and (2) providing job training skills sufficient to enable an unemployed individual to obtain employment. (c) A corporation to which this section applies may contract with any person to provide the job training authorized under this section.