Relating to certain requirements applicable to certain municipal economic development programs and grants.

HB 1844 requires Texas municipalities to hold public hearings before creating, amending, or renewing economic development programs. It mandates that cities use written agreements for any grants or loans, specifying terms like job creation, capital investment, and repayment if performance goals aren't met - especially for for-profit businesses. The bill directly affects cities managing economic development funds and the businesses receiving those funds. These requirements apply only to new agreements entered into on or after September 1, 2025.