The Wichita Falls Type A Board is responsible for promoting, assisting, and enhancing economic development activities for the City.
How Type A Sales Tax Revenue Can Be Used
The Type A sales tax is primarily intended for manufacturing and industrial development. EDCs may use Type A revenue to fund land, buildings, equipment, facilities expenditures, targeted infrastructure, and improvement for projects, including:
manufacturing and industrial facilities, recycling facilities, distribution centers, and small warehouse facilities;
research and development facilities, regional or national corporate headquarters facilities, primary job training facilities operated by higher education institutions, job training classes, telephone call centers, and career centers not located within a junior college taxing district;
certain infrastructure improvements that promote or develop new or expanded business enterprises;
commuter rail, light rail, or commuter bus operations;
maintenance and operating costs associated with projects
With voter approval, Type A EDCs may fund projects eligible under Type B without voting to abolish the Type A tax and impose the Type B tax. In this situation, a Type A EDC must publish notice of its intent to fund a Type B project, hold at least one public hearing and conduct a special election.
Type A EDCs also may seek voter approval to spend Type A sales tax funds to clean up contaminated property.
A Type A corporation cannot assume or pay principal or interest on debts that existed before voters agreed to establish EDC.