Establishes the Texas Grocery Access Investment Fund Program to finance grocery store projects in underserved areas.

The bill establishes the Texas Grocery Access Investment Fund Program, administered by the Texas Department of Agriculture. The fund aims to provide financing for constructing, rehabilitating, or expanding grocery stores in underserved low-income and moderate-income areas. Eligible projects must be located in areas identified by the USDA or another healthy food initiative. Recipients of financing must agree to certain conditions, including promoting the sale of fresh produce and local hiring. The fund is composed of various sources, including appropriations, grants, and tax credits.

Establishes the Texas Grocery Access Investment Fund Program to finance grocery store projects in underserved areas.

The bill establishes the Texas Grocery Access Investment Fund Program, administered by the Texas Department of Agriculture. The fund aims to provide financing for constructing, rehabilitating, or expanding grocery stores in underserved low-income and moderate-income areas. Eligible projects must be located in areas identified by the USDA or another healthy food initiative. Recipients of financing must agree to certain conditions, including promoting the sale of fresh produce and local hiring. The fund is composed of various sources, including appropriations, grants, and tax credits.