Relating to limitations on certain hiring practices relating to certain nonpermanent residents by certain companies that receive governmental contracts or financial benefits; authorizing civil penalties.

HB 4935 limits hiring practices for companies receiving Texas government contracts or financial benefits (like grants or tax preferences). It prohibits these companies from hiring foreign workers on temporary visas (F, H-1B, or O categories) if such hires would make more than 5% of their total workforce nonpermanent residents. Companies must verify this 5% limit in written contract statements, and violations incur $5,000 civil penalties per day. The law directly affects Texas-based businesses receiving state financial incentives and foreign workers with specific temporary visas.