Texas § GV.403.601 - PURPOSES
Full text of Texas The Texas Constitution § GV.403.601 — PURPOSES, with citation guidance and answers to common questions.
§ GV.403.601. PURPOSES
PURPOSES. The purposes of this subchapter are to: (1) create new, high-paying permanent jobs and construction jobs in this state; (2) encourage financially positive economic development in this state; (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; (4) encourage energy and water infrastructure development, including new and expanded dispatchable electric generation facilities; (5) make this state a national and international leader in new and innovative technologies; (6) encourage the establishment of certain advanced manufacturing industry sectors critical to national defense and health care; (7) create new wealth, raise personal income, and foster long-term expansion of state and local tax bases; (8) provide growing and sustainable economic opportunity for the residents of this state; and (9) incentivize the preceding objectives in a balanced, transparent, and accountable manner. Added by Acts 2023, 88th Leg., R.S., Ch. 377 (H.B. 5 ), Sec. 1, eff. January 1, 2024.
Frequently Asked Questions About Texas § GV.403.601
What does The Texas Constitution § GV.403.601 cover?
Section GV.403.601 ("PURPOSES") 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.403.601?
A common citation format is "The Texas Constitution § GV.403.601" (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.403.601 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.