Sec. 403.601.  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.