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Texas Statutes (Last Updated: January 4, 2014) |
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GOVERNMENT CODE |
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Title 4. EXECUTIVE BRANCH |
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Subtitle F. COMMERCE AND INDUSTRIAL DEVELOPMENT |
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Chapter 486. ASSISTANCE FOR LOCAL AREA AFFECTED BY DEFENSE RESTRUCTURING |
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Subchapter A. GRANTS TO LOCAL AREAS AFFECTED BY DEFENSE BASE RESTRUCTURING |
Sec. 486.004. GRANT CRITERIA
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(a) From money appropriated for this purpose, the commission may make a grant to an eligible local governmental entity to:
(1) allow the entity to meet a matching money or investment requirement in order to receive from the United States assistance that is provided to allow the local governmental entity to respond to or recover from an event described by Section 486.003(b)(1);
(2) match the entity's contribution for a purpose described in Section 486.005 on a closed or realigned defense facility; or
(3) construct infrastructure and other projects necessary to accommodate the new or expanded military missions at a military facility located in or near the local governmental entity.
(b) A grant may not be less than $50,000 or more than the least of:
(1) 50 percent of the amount of matching money or investment that the local governmental entity is required to provide, subject to Subsection (c);
(2) 50 percent of the local governmental entity's investment for purposes described in Section 486.005, in cases where United States assistance is not available; or
(3) $2 million.
(c) If the local governmental entity demonstrates to the commission that, because of a limited budget, resources are not available to provide 50 percent of the amount of matching money or investment that the local governmental entity is required to provide, the grant may be not more than 80 percent of the amount of that matching money or investment requirement, but may not be more than $2 million.
(d) The commission may make a grant to an eligible local governmental entity described by Section 486.003(a)(3) or (4) without regard to the availability or acquisition of matching money.