Texas § GV.489.101 - CREATION OF BANK

Full text of Texas The Texas Constitution § GV.489.101 — CREATION OF BANK, with citation guidance and answers to common questions.

§ GV.489.101. CREATION OF BANK

CREATION OF BANK. (a) The office shall establish the Texas Economic Development Bank for the purpose of: (1) providing globally competitive, cost-effective state incentives to expanding businesses operating in this state and businesses relocating to this state; and (2) ensuring that communities and businesses in this state have access to capital for economic development purposes. (b) The bank's effectiveness shall be measured on the basis of the number of jobs created and retained and the total amount of nonstate funds leveraged as a result of the bank's efforts. Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § GV.489.101

What does The Texas Constitution § GV.489.101 cover?

Section GV.489.101 ("CREATION OF BANK") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § GV.489.101?

A common citation format is "The Texas Constitution § GV.489.101" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § GV.489.101 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.