Texas § 228.153 INVESTMENT IN STRATEGIC INVESTMENT BUSINESS REQUIRED.

Texas Statutes

§ 228.153 — INVESTMENT IN STRATEGIC INVESTMENT BUSINESS REQUIRED.

Texas § 228.153

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This text of Texas § 228.153 (INVESTMENT IN STRATEGIC INVESTMENT BUSINESS REQUIRED.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 228.153 (2026).

Text

Sec. 228.153. INVESTMENT IN STRATEGIC INVESTMENT BUSINESS REQUIRED.

(a)In this section:

(1)"Strategic investment area" means an area of this state that qualifies as a strategic investment area under Subchapter O, Chapter 171 , Tax Code, or, after the date that subchapter expires, an area that qualified as a strategic investment area under that subchapter immediately before that date.

(2)"Strategic investment business" means a qualified business that:

(A)has the business's principal business operations located in one or more strategic investment areas; and

(B)intends to maintain business operations in the strategic investment areas after receipt of the investment by the certified capital company.

(b)A certified capital company must place at least 30 percent of the amount of qualified

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Sec. 228.153. INVESTMENT IN STRATEGIC INVESTMENT BUSINESS REQUIRED. (a) In this section:
(1) "Strategic investment area" means an area of this state that qualifies as a strategic investment area under Subchapter O, Chapter 171 , Tax Code, or, after the date that subchapter expires, an area that qualified as a strategic investment area under that subchapter immediately before that date.
(2) "Strategic investment business" means a qualified business that:
(A) has the business's principal business operations located in one or more strategic investment areas; and
(B) intends to maintain business operations in the strategic investment areas after receipt of the investment by the certified capital company.
(b) A certified capital company must place at least 30 percent of the amount of qualified investments required by Sections 228.151 (a) and (b) in a strategic investment business.