Title GV, Government Code

Sec. 489.221. MANAGEMENT OF INVESTMENT PORTFOLIO; WINDING UP AND FINAL LIQUIDATION. (a) In this section, "product development and small business incubator program investment portfolio" means: (1) the equity positions in the form of stock or other security the bank took, on behalf…

Sec. 489.251. DEFINITION. In this subchapter, "fund" means the Texas small and rural community success fund established by Section 489.252. Added by Acts 2021, 87th Leg., R.S., Ch. 947 (S.B. 1465), Sec. 1, eff. June 18, 2021.

Sec. 489.252. TEXAS SMALL AND RURAL COMMUNITY SUCCESS FUND. (a) The Texas small and rural community success fund is created as a trust fund held outside the state treasury by the comptroller as trustee. The comptroller shall hold money in the fund in escrow and in trust for and o…

Sec. 489.253. REVENUE-BASED BONDS AUTHORIZED. (a) The bank, the office, or the office's successor agency may provide for the issuance, sale, and retirement of bonds, including obligations in the form of commercial paper notes, to provide funding for economic development purposes …

Sec. 489.254. BOND SALE AND ISSUANCE. (a) Bonds issued under Section 489.253 may be sold at public or private sale at a price and in a manner and from time to time as resolutions of the executive director of the office that authorize issuance of the bonds provide. (b) From the pr…

Sec. 489.255. AGREEMENTS IN BONDS. (a) A resolution of the executive director of the office that authorizes bonds to be issued under Section 489.253 or a security agreement, including a related indenture or trust indenture, may contain any agreements and provisions customarily co…

Sec. 489.256. REFUNDING BONDS. (a) Bonds issued under Section 489.253 may be refunded by the bank by the issuance of the bank's refunding bonds in the amount that the bank considers necessary to refund the unpaid principal of the refunded bonds, together with any unpaid interest,…

Sec. 489.257. USE OF BOND PROCEEDS. The proceeds from the sale of bonds issued under this subchapter may be applied only for a purpose for which the bonds were issued, except that: (1) any secured interest received in the sale shall be applied to the payment of the principal of o…

Sec. 489.258. BONDS AS LEGAL INVESTMENTS FOR FIDUCIARIES AND OTHER PERSONS. (a) Bonds of the bank issued under this subchapter are securities in which all public officers and bodies of this state; municipalities; municipal subdivisions; insurance companies and associations and ot…

Sec. 489.259. ADMINISTRATION OF FUND. The bank shall administer the fund. In administering the fund and this subchapter, the bank has the powers necessary to carry out the purposes of this subchapter, including the power to: (1) make, execute, and deliver contracts, conveyances, …

Sec. 489.301. DEFINITIONS. In this subchapter: (1) "Declared disaster" means a state of disaster declared by the governor under Chapter 418. (2) "Financial institution" includes a bank, trust company, banking association, savings and loan association, mortgage company, investment…

Sec. 489.302. MICRO-BUSINESS DISASTER RECOVERY FUND. (a) The micro-business disaster recovery fund is a dedicated account in the general revenue fund. (b) The micro-business disaster recovery fund is composed of: (1) money appropriated by the legislature for the implementation an…

Sec. 489.303. POWERS OF BANK IN ADMINISTERING MICRO-BUSINESS DISASTER RECOVERY FUND. In administering the micro-business disaster recovery fund, the bank has the powers necessary to carry out the purposes of this subchapter, including the power to invest money at the bank's discr…

Sec. 489.304. MICRO-BUSINESS DISASTER RECOVERY LOAN GUARANTEE PROGRAM. (a) The bank shall establish and administer a micro-business disaster recovery loan guarantee program in which money in the micro-business disaster recovery fund is used to guarantee loans made by participatin…

Sec. 489.305. RULEMAKING AUTHORITY. The executive director of the office shall adopt rules relating to the implementation of the program and any other rules necessary to accomplish the purposes of this subchapter. Added by Acts 2021, 87th Leg., R.S., Ch. 947 (S.B. 1465), Sec. 1, …

Sec. 489.306. ANNUAL REPORT BY PARTICIPATING FINANCIAL INSTITUTION. A participating financial institution shall submit an annual report to the bank. The report must: (1) provide information regarding outstanding loan guarantees, loan guarantee losses, and any other information on…

Sec. 490.101. TEXAS EMERGING TECHNOLOGY FUND. (a) The Texas emerging technology fund is a dedicated account in the general revenue fund. (b) The following amounts shall be deposited in the fund: (1) any amounts appropriated by the legislature for the fund; (2) benefits realized f…

Sec. 490.104. MANAGEMENT OF INVESTMENT PORTFOLIO; WINDING UP AND FINAL LIQUIDATION. (a) In this section, "state's emerging technology investment portfolio" means: (1) the equity positions in the form of stock or other security the governor took, on behalf of the state, in compani…

Sec. 490.105. CONFIDENTIALITY OF CERTAIN INFORMATION. (a) Except as provided by Subsection (b), information concerning the identity, background, finance, marketing plans, trade secrets, or other commercially or academically sensitive information of an individual or entity that wa…

Sec. 490A.001. DEFINITIONS. In this chapter: (1) "Entrepreneur participant" means an individual who has a business or an idea for a business and registers with the network. (2) "Fund" means the Texas Entrepreneurship Network fund. (3) "Network" means the Texas Entrepreneurship Ne…

Sec. 490A.002. ESTABLISHMENT OF NETWORK. (a) The Texas Entrepreneurship Network is established to develop and diversify the economy of this state through: (1) the provision of programs and services to facilitate the growth and success of entrepreneurs; and (2) the statewide, resu…

Sec. 490A.003. MEMBERS OF NETWORK. (a) The founding members of the network are: (1) the Texas Cooperative Extension of The Texas A&M University System; (2) the IC2 Institute at The University of Texas at Austin; (3) the College of Agricultural Sciences and Natural Resources at Te…

Sec. 490A.004. ADVISORY BOARD. (a) The Texas Center for Rural Entrepreneurship shall establish an advisory board to guide and advise the operations of the network. (b) The advisory board consists of one representative from each of the founding members of the network under Section…

Sec. 490A.005. GENERAL DUTIES AND GOALS. (a) The network shall train and refocus existing state and local resources to build a more prosperous, dynamic, and sustainable economy throughout this state by: (1) providing coordinated training and services that enhance the value of the…

Sec. 490A.006. ENTREPRENEURSHIP SERVICES. (a) The network shall develop a statewide association of local individuals who are entrepreneurship developers trained to analyze, evaluate, and develop business plans and help local entrepreneur participants start, grow, or develop their…

Sec. 490A.007. NETWORK PROGRAMS. The network may develop: (1) programs for: (A) business plan development, competitive enhancement, and management skills development; (B) entrepreneurship best practices training; (C) entrepreneurship education in primary and secondary schools and…

Sec. 490A.008. TEXAS ENTREPRENEURSHIP NETWORK FUND. (a) The Texas Entrepreneurship Network fund is an account in the general revenue fund. The Department of Agriculture shall administer the fund. (b) The following amounts shall be deposited in the fund: (1) any amounts appropriat…

Sec. 490A.009. USE OF FUND. Money appropriated to the fund by the legislature shall be used for: (1) programs related to local entrepreneurship centers, training, and entrepreneurship developers; (2) curriculum development, infrastructure, data management, and research; (3) techn…

Sec. 490B.001. DEFINITIONS. In this chapter: (1) "Commission" means the Texas-Mexico Strategic Investment Commission. (2) "Texas-Mexico border region" has the meaning assigned by Section 2056.002. Added by Acts 2005, 79th Leg., Ch. 1215 (H.B. 925), Sec. 2, eff. September 1, 2005.…

Sec. 490B.002. PURPOSE. The ongoing economic stability and growth of Texas and the improved quality of life for all Texans are dependent in part on coordination with neighboring states. Texas and the Mexican border states of Chihuahua, Coahuila, Nuevo Leon, and Tamaulipas face co…

Sec. 490B.003. TEXAS-MEXICO STRATEGIC INVESTMENT COMMISSION; MEMBERS. (a) The Texas-Mexico Strategic Investment Commission is established. (b) The commission is composed of: (1) the border commerce coordinator or a designee; (2) the executive director of the Texas Department of T…

Sec. 490B.004. FUNCTIONS OF COMMISSION. (a) The commission shall: (1) represent government agencies within the Texas-Mexico border region to help reduce regulations by improving communication and cooperation between federal, state, and local governments; (2) examine trade issues …

Sec. 490B.005. FUNDING. (a) In addition to any amount appropriated by the legislature, the commission may request state agencies to apply for funds from the federal government or any other public or private entity. The commission may also solicit grants, gifts, and donations from…

Sec. 490C.001. DEFINITIONS. In this chapter: (1) "Genuine Texas program" means the program established by the office under this chapter to develop and expand markets for Texas manufactured products. (2) "Texas manufactured product" means a product that is manufactured in this sta…

Sec. 490C.051. ESTABLISHMENT OF GENUINE TEXAS PROGRAM. The office may establish and administer a program in accordance with this chapter to develop and expand markets for Texas manufactured products. Added by Acts 2007, 80th Leg., R.S., Ch. 337 (H.B. 3446), Sec. 1, eff. September…

Sec. 490C.052. RULEMAKING AUTHORITY. The office may adopt rules and establish procedures to administer this chapter. Added by Acts 2007, 80th Leg., R.S., Ch. 337 (H.B. 3446), Sec. 1, eff. September 1, 2007.

Sec. 490C.053. DUTIES OF OFFICE. If the office establishes a Genuine Texas program under this chapter, the office shall: (1) design and administer the use of a logo for Texas manufactured products and adopt manufactured product quality standards and other criteria for evaluating …

Sec. 490C.054. FEE FOR USE OF LOGO. To cover the costs of administering the Genuine Texas program, the office may require a person to pay a fee not to exceed $100 a year for use of the logo designed under Section 490C.053(1). Added by Acts 2007, 80th Leg., R.S., Ch. 337 (H.B. 344…

Sec. 490C.055. PROMOTIONAL EVENTS. The office may use available money to purchase food and beverages for a promotional event. Added by Acts 2007, 80th Leg., R.S., Ch. 337 (H.B. 3446), Sec. 1, eff. September 1, 2007.

Sec. 490C.056. SALE OF PROMOTIONAL ITEMS. (a) The office may sell or contract for the sale of items, including clothing, posters, and banners, to promote Texas manufactured products. (b) The office may use the office's Internet website to advertise and sell the items described by…

Sec. 490C.057. ADVISORY BOARD. (a) If the office establishes a Genuine Texas program as authorized by this chapter, the office shall appoint an advisory board to assist in the implementation of the program. (b) A member of the advisory board serves at the pleasure of the office. …

Sec. 490C.101. VIOLATION. A person violates this chapter if the person: (1) uses, reproduces, or distributes the logo designed by the office under Section 490C.053 without the consent of the office; or (2) violates a rule adopted or a procedure established by the office under thi…

Sec. 490C.102. SUSPENSION OR FORFEITURE OF RIGHT TO USE LOGO. (a) The office may temporarily suspend or permanently forfeit the right of a person who violates this chapter to use the logo of the Genuine Texas program. (b) Before suspending or forfeiting a person's right to use th…

Sec. 490C.103. ADMINISTRATIVE PENALTY. The office may impose an administrative penalty not to exceed $500 against a person who violates this chapter. A proceeding to impose the administrative penalty is a contested case under Chapter 2001. Added by Acts 2007, 80th Leg., R.S., Ch.…

Sec. 490C.104. CIVIL PENALTY. A person who violates this chapter is subject to a civil penalty not to exceed $500 for each violation. Added by Acts 2007, 80th Leg., R.S., Ch. 337 (H.B. 3446), Sec. 1, eff. September 1, 2007.

Sec. 490C.105. CALCULATING AMOUNT OF ADMINISTRATIVE OR CIVIL PENALTY. (a) Each day that a violation continues may be considered a separate violation for purposes of an administrative or civil penalty under this subchapter. (b) The amount of an administrative or civil penalty must…