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Government Code - CHAPTER 2303 Page 14 of 28 Subsection (a), the governing body shall notify the association of the specific reasons for the decision and shall allow the association to amend the application on or before the 60th day after the date of the notification. (d) The association shall furnish to the governing body of the enterprise zone: (1) an annual statement of the programmatic and financial status of each approved project; and (2) an audited financial statement of the proj ect. Added by Acts 1993, 73rd Leg., ch. 268, § 1, eff. Sept. 1, 1993. SUBCHAPTER F. QUALIFIED BUSINESSES AND ENTERPRISE PROJECTS § 2303.401. Definitions In this subchapter: (1) "New permanent job" means a new employment position created by a qualified business as described by Section 2303.402 that: (A) has provided at least 1,820 hours of employment a year to a qualified employee; and (B) is intended to exist during the period that the qualified business is designated as an enterprise project under Section 2303.406. (2) "Retained job" means a job that existed with a qualified business before designation as an enterprise project that: (A) has provided employment to a qualified employee of at least 1,820 hours annually; and (B) is intended to be an employment position during the period the business is designated as an enterprise project in accordance with Chapter 151, Tax Code. Added by Acts 1993, 73rd Leg., ch. 268, § 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 76, § 5.52(a), eff. Sept. 1, 1995; Acts 1995, 74th Leg., ch. 985, § 6, eff. Sept. 1, 1995; Acts 1999, 76th Leg., ch. 1121, § 3, eff. Sept. 1, 1999. § 2303.402. Qualified Business (a) A person is a qualified business if the department, for the purpose of state benefits under this chapter, or the governing body of an enterprise zone, for the purpose of local benefits, certifies that: (1) the person is engaged in or has provided substantial commitment to initiate the active conduct of a trade or business in the enterprise zone; and (2) at least 25 percent of the person's new employees in the enterprise zone are: (A) residents of any enterprise zone in the jurisdiction of the governing body of the enterprise zone; or ://www.capitol.state.tx.us/statutes/go/go230300.html 1/12/2002