85R7255 BEF-F     By: Anderson of McLennan H.B. No. 2004       A BILL TO BE ENTITLED   AN ACT   relating to the Texas economic development fund for the Department   of Agriculture.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Sections 12.0272(a) and (b), Agriculture Code,   are amended to read as follows:          (a)  The Texas economic development fund is a fund in the   state treasury. The fund consists of:                (1)  all interest, income, revenue, and other assets   associated with economic development programs established using   money allocated and paid to the department under the August 15,   2011, allocation agreement between the department and the United   States Department of the Treasury, as amended, to implement the   State Small Business Credit Initiative Act of 2010 (12 U.S.C.   Section 5701 et seq.);                (2)  all money, deposits, distributions, dividends,   earnings, gain, income, interest, proceeds, profits, program   income, rents, returns of capital, returns on investments,   royalties, revenue, or yields received or realized by the   department as a result of an investment made by or on behalf of the   department pursuant to the August 15, 2011, allocation agreement   between the department and the United States Department of the   Treasury, as amended;                (3)  gifts, loans, donations, aid, appropriations,   guaranties, allocations, subsidies, grants, or contributions   received under Sections 12.022 and [Section] 12.027(g);                (4)  interest and income earned on the investment of   money in the fund; and                (5)  other money required by law to be deposited in the   fund.          (b)  Money in the Texas economic development fund is   dedicated to and may be appropriated only to the department for the   purposes [purpose] of administering, continuing [establishing],   implementing, or maintaining:                (1)  an economic development program originally   established as part of the department's implementation of the State   Small Business Credit Initiative;                (2)  [under this section and is dedicated to and may be   used only for the administration, establishment, implementation,   or maintenance of] one or more of the department's economic   development programs;                (3)  one or more programs to further the department's   duties under Section 12.022;                (4)  one or more programs or services to encourage the   export of Texas agricultural products or products manufactured in   rural Texas; and                (5)  an economic development program established   through an agreement with a federal agency, foreign governmental   entity, local governmental entity, nonprofit organization, private   entity, public university, or state governmental entity to   encourage rural economic development in this state.          SECTION 2.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2017.