Lenders and investors would have to repay Texas the money from tax credits and share profits from a proposed program to lend money to companies in rural or economically distressed communities under a bill literally being rewritten on the fly.
Sen. Kelly Hancock, R-North Richland Hills, on Friday morning offered “talking points” on a radically different version of House Bill 2160 at a meeting of the Senate Committee on Economic Development. The committee had to wait a few hours as the “new markets” measure was re-written, but lobbyists behind House Bill 2160 endorsed the Senate version just based on the “talking points” and who’s behind it — Lt. Gov. David Dewhurst.
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