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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. 486.005. USE OF PROCEEDS
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(a) The local governmental entity may use the proceeds of the grant for purchase of property from the department of defense or its designated agent, new construction, rehabilitation, or renovation of facilities or infrastructure, or purchase of capital equipment or facilities insurance.
(b) The local governmental entity may deliver the money to a special district, development corporation, or other instrumentality of the state or the local governmental entity for use as provided by this chapter and other applicable law.
(c) An eligible local governmental entity described by Section 486.003(a)(3) or (4) may use the proceeds of the grant to purchase or lease equipment to train defense workers whose jobs have been threatened or lost because of an event described by Section 486.003(b)(2)(A).