The bank's designation of the project or activity of a qualified business as an enterprise project is effective until the period approved by the bank under Section 2303.404 regardless of whether the enterprise zone in which the project is located, if any, fails to qualify as an enterprise zone before the expiration of the project.
Tex. Gov't Code § 2303.408
DURATION OF CERTAIN DESIGNATIONS
Known as the Texas Enterprise Zone Act
The act spans §§ 2303.001 to 2303.517 (41 sections).
Added by Acts 1995, 74th Leg., ch. 76, Sec. 5.52(a), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.