Authorizes Type B economic development corporations to undertake projects in response to declared disasters.

This bill amends the Local Government Code to allow Type B economic development corporations to undertake specific projects in response to disasters declared by the Texas governor or the U.S. president. These projects include grants or loans to businesses damaged by a disaster, such as for temporary relocation or infrastructure repair, and actions to strengthen the workforce and stabilize the local economy. The projects must be approved by the authorizing municipality's governing body, undertaken within two years of the disaster declaration, and documented to allow for oversight.

Authorizes Type B economic development corporations to undertake projects in response to declared disasters.

This bill amends the Local Government Code to allow Type B economic development corporations to undertake specific projects in response to disasters declared by the Texas governor or the U.S. president. These projects include grants or loans to businesses damaged by a disaster, such as for temporary relocation or infrastructure repair, and actions to strengthen the workforce and stabilize the local economy. The projects must be approved by the authorizing municipality's governing body, undertaken within two years of the disaster declaration, and documented to allow for oversight.