(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.