{"data":{"id":"us-tx/tex.-government-code-403.601","jurisdiction":"us-tx","citation":"Tex. Government Code § 403.601","heading":"PURPOSES.","body":"The purposes of this subchapter are to:\n(1) create new, high-paying permanent jobs and construction jobs in this state;\n(2) encourage financially positive economic development in this state;\n(3) provide a temporary competitive economic incentive for attracting certain large-scale economic development projects to this state that, in the absence of this subchapter, would likely locate in another state or nation;\n(4) encourage energy and water infrastructure development, including new and expanded dispatchable electric generation facilities;\n(5) make this state a national and international leader in new and innovative technologies;\n(6) encourage the establishment of certain advanced manufacturing industry sectors critical to national defense and health care;\n(7) create new wealth, raise personal income, and foster long-term expansion of state and local tax bases;\n(8) provide growing and sustainable economic opportunity for the residents of this state; and\n(9) incentivize the preceding objectives in a balanced, transparent, and accountable manner.\nAdded by Acts 2023, 88th Leg., R.S., Ch. 377 (H.B. 5), Sec. 1, eff. January 1, 2024.","path":["GOVERNMENT CODE","TITLE 4. EXECUTIVE BRANCH","SUBTITLE A. EXECUTIVE OFFICERS","CHAPTER 403. COMPTROLLER OF PUBLIC ACCOUNTS","SUBCHAPTER T. TEXAS JOBS, ENERGY, TECHNOLOGY, AND INNOVATION ACT"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.403.htm#403.601","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"b16cbc9f751116e9cb296e46b28744bef93a1d64770cdcbbd8a6d0447ded84e0","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-403.553","next":"us-tx/tex.-government-code-403.602"},"notice":"GroundRules: Original legal text. Not legal advice."}