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Osborne, Stacey <br />From: ctasNns@sxwboUoed <br />Gent Monday, June 2O.2O11 10:59 AM <br />To: Osborne, Stacey; Bottoms, Ron <br />Subject: EOC funding for radio station <br />1) Local Government Code Sec. 501.103(2) allows EDC funds to be used in connection with a for "infrastructure <br />necessary to promote or develop new or expanded business enterprises, limited to .... telecommunications and Internet <br />improvements". <br />2) Local Government Code Sec. 505.103 authorizes an EDC to "spend not more than 10 percent of the corporate <br />revenues for promotional purposes". <br />