Texas HB1844 amends municipal economic development programs to require public hearings and written agreements detailing job creation, capital.

Texas HB1844 amends the Local Government Code to impose new requirements on municipal economic development programs and grants. Specifically, it mandates that a municipality's governing body must hold a public hearing before establishing, amending, or renewing such programs. Additionally, any loans, grants, or services provided to a for-profit entity must be accompanied by a written agreement detailing the terms, including job creation, capital investment schedules, and repayment obligations if performance requirements are unmet. This Act takes effect September 1, 2025.

Texas HB1844 amends municipal economic development programs to require public hearings and written agreements detailing job creation, capital.

Texas HB1844 amends the Local Government Code to impose new requirements on municipal economic development programs and grants. Specifically, it mandates that a municipality's governing body must hold a public hearing before establishing, amending, or renewing such programs. Additionally, any loans, grants, or services provided to a for-profit entity must be accompanied by a written agreement detailing the terms, including job creation, capital investment schedules, and repayment obligations if performance requirements are unmet. This Act takes effect September 1, 2025.