Message - June 15, 2007

TO THE MEMBERS OF THE SENATE AND HOUSE OF REPRESENTATIVES OF THE EIGHTIETH TEXAS LEGISLATURE, REGULAR SESSION:

Pursuant to Article IV, Sections 14 and 15 of the Texas Constitution, I, Rick Perry, Governor of Texas, do hereby disapprove and veto House Bill No. 48 of the 80th Texas Legislature, Regular Session, due to the following objections:

House Bill No. 48 would change the distribution of funds from the Employment and Training Investment Assessment Holding Fund and would reduce funding for the Texas Enterprise Fund (TEF) by $12.8 million for the biennium.

TEF has proven to be one of the state's most successful tools in job expansion and economic development by bringing more than 45,000 jobs and $15 billion in capital investment to Texas. House Bill No. 48 would needlessly reduce funding for this valuable program.

IN TESTIMONY WHEREOF, I have signed my name officially and caused the Seal of the State to be affixed hereto at Austin, this the 15th day of June, 2007.

RICK PERRY
Governor of Texas

ATTESTED BY:
ROGER WILLIAMS
Secretary of State