1978-07-19 Regular Meeting - Laserfiche WebLink

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' • • • ARTICLE I SECTION 1.01: These rules, regulations and guidelines have been adopted by the Texas Industrial Commission (hereafter called Commission) under the provisions of Article 5190.5, Section 1-19, V.A.T.C.S, and filed with the Secretary of State, Austin, Texas. SECTION 1.02: These rules, regulations and guidelines may be amended by the Commission at any time as the result of a public hearing held in Austin, Texas, after 3 days notice of such public hearing shall have been given in the manner prescribed by Article 6252-17, V.A.T.C.S., but such amendment shall become effective only upon being filed with the Secretary of State. SECTION 1.03: No filing fees are required for any application filed with the Commission. SECTION 1.04: Communications with and applications to the Commission should be addressed to it at Box 12728, Capitol Station, Austin, Texas 78711. SECTION 1.05: The terms defined in Article 5190.5, Section 1-19, V.A.T.C.S. shall have the same meaning when used in these rules, regulations and . guidelines. "Project" means the land, building, equipment, facilities and improvements (one or more} found by the governing body to be required or suitable for the promotion of industrial development and for use by manufacturing or industrial enterprise, irrespective of whether in existence or required to be acquired or constructed after the making of such findings by the governing body. "Manufacturing or industrial enterprise" means any type of economic activity as defined and listed in the Manufacturing Division (Division D) in the 1972 edition of the Standard Industrial Classification Manual, published by the Executive Office of the President/Office of Management and Budget. SECTION 1.06: The payment of obligations of an issuer shall be concurrent with and not in excess of revenues from the lease of the project. •