Bill > HB205

This bill amends the Local Government Code to allow Type B economic development corporations (a specific type of local economic development organization) to undertake special disaster recovery projects in municipalities after a governor or presidential disaster declaration. These projects can include providing grants or loans to businesses damaged by a disaster, supporting temporary business relocation, helping repair or elevate business infrastructure, and taking actions to strengthen the local workforce and stabilize the local economy. To implement such projects, the Type B corporation must obtain approval from its municipal governing body, complete the project within two years of the disaster declaration, and maintain sufficient documentation to allow municipal oversight. The bill provides these economic development corporations with additional flexibility to support local business recovery in the aftermath of significant disasters, with specific guidelines to ensure responsible and targeted assistance.

Military Affairs and Security

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=892&Bill=HB205