For some time conservative Texans, especially constitutionalists, have raised eyebrows at Rick Perry’s Texas Enterprise Fund (TEF). The Texas Governor’s website calls the fund a “development tool” providing the state’s leaders with a “deal closing fund,” but its administration is questionable and its existence unconstitutional.
At the Texas Wide Open For Business website an overview notes that in 2003 Governor Perry requested that the Texas Legislature establish the fund to “attract new jobs and investment to the state.” The Legislature re-authorized the fund in 2005, 2007, 2009 and again this year in Texas’ biennial legislative session.
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Governor Rick Perry (photo)