Bill would change how state hands out economic development money

Tuesday, March 8, 2011 - 12:53pm

When Gov. Rick Perry says Texas is open for business, a Republican senator wants to be sure that "open" means transparent as well.

Sen. John Carona, R-Dallas, has filed legislation that would loosen Perry's grip on the state's Enterprise and Emerging Technology funds by transferring oversight from the governor to committees appointed by several elected officials.

"When you are showering tax dollars on private industry," Carona said, "the public has a right to know about every transaction."

Currently, the governor negotiates deals and awards grants with the written approval of Lt. Gov. David Dewhurst and House Speaker Joe Straus.

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