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<br />. <br /> <br />e <br /> <br />Provided, however that no abatement shall be given in the <br />year when the facility fails to meet the employment <br />minimum set forth in section 44-112(h) (4) except where <br />the jurisdiction has determined that employment falls <br />below minimum due to accident, casualty, fire, explosion, <br />or natural disaster. <br /> <br />If the period of construction exceeds two years, the <br />facility shall be considered complete for purposes of <br />abatement and in no case shall the period of abatement <br />inclusive of construction and completion exceed eight <br />years. <br /> <br />If a modernization project includes facility replacement, <br />the value upon which abatement shall be determined shall <br />be the value of the new unites) less the value of the old <br />unites). Modernization projects are eligible for <br />abatement according to the above formula with the <br />exception that abatement shall not exceed 50 percent in <br />any year.1I <br /> <br />section 44-112, "Economic development abatement authorized", <br />subparagraph (h) (3), and (5), are revised, and shall read as <br />follows, to-wit: <br /> <br />"(3) Must be reasonably expected to increase the value <br />of the property in the amount of $21,000,000.00 <br />upon completion of construction; and" <br /> <br />" (5) An abatement may be granted for a maximum <br />investment of $750,000.00 per job created or <br />retained." <br /> <br />section 44-112, "Economic development abatement authorized", <br />is revised, by adding thereto subparagraph (1), which shall read as <br />follows, to-wit: <br /> <br />"( 1) Environmental qualification. In determining <br />whether to grant a tax abatement, consideration <br />will be given to compliance with all state and <br />federal laws designed to protect human health, <br />welfare and the environment ("environmental laws") <br />that are applicable to all facilities in the state <br />of Texas owned or operated by the owner of the <br />facility, its parent, subsidiaries and, if a joint <br />venture or partnership, every member of the joint <br />venture or partnership ("applicants") . <br />Consideration may also be given to compliance with <br />environmental laws by applicants at other <br />facilities within the United states" <br /> <br />section 44-113, "Agreement <br />abatement" , subparagraph (9), is <br />follows, to-wit: <br /> <br />for economic development <br />revised, and shall read as <br /> <br />2 <br />