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Court designates Comptroller capital credits for EDC use under Local Government Code Sec. 381.004
Summary
Commissioners approved designating capital credits from the Comptroller's Office, per Local Government Code Sec. 381.004, to be used by the Economic Development Corporation (EDC); motion carried unopposed.
Commissioner Nicholas Thomas moved to designate for use the capital credits received from the Comptroller's Office, pursuant to Local Government Code Sec. 381.004, to be used by the Economic Development Corporation (EDC). Commissioner Dawn Webb seconded the motion and it carried without opposition.
The minutes record the statutory citation and the destination of the funds to the EDC, but do not specify the amount of capital credits or any conditions placed on their use. County staff will document the funds and deposit/use them under the EDC's governance consistent with the cited code section.
