Relating to the Rural Economic Development and Investment Program and the Texas economic development fund.

HB 2765 creates a new financial assistance program for rural economic development in Texas, targeting counties with populations under 200,000 and municipalities with under 50,000 residents. It allows these entities to receive funds for land development, attracting private businesses (like manufacturing, warehouses, and mineral extraction), and improving water, waste, or transportation infrastructure. The bill also specifies that the Texas Economic Development Fund must be dedicated exclusively to administering economic development programs focused on rural manufacturing, agricultural exports, and small business initiatives. The program became effective September 1, 2025, after passing both legislative chambers and the governor's desk.