Texas Local Government Code 501.162 – Use of Tax Revenue for Job Training
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Local Government Code 501.162
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
A corporation may spend tax revenue received under this subtitle for job training offered through a business enterprise only if the business enterprise has committed in writing to:
(1) create new jobs that pay wages that are at least equal to the prevailing wage for the applicable occupation in the local labor market area; or
(2) increase its payroll to pay wages that are at least equal to the prevailing wage for the applicable occupation in the local labor market area.