1232.124 – PREFERENCE FOR TEXAS BUSINESSES. If the
Texas Government Code § 1232.124
Summary
This law requires authorities to prioritize contracting with Texas-based businesses and historically underutilized businesses when issuing bonds. It aims to support local economic growth and promote equitable opportunities in government contracting.
Authorities must consider Texas businesses for bond contracts.
Historically underutilized businesses are given preference.
Supports local economic development and equity in contracting.
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In simple terms: Learn about Texas's PREFERENCE FOR TEXAS BUSINESSES. If the law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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