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House Bill 3014 |
House Author: Parker et al. |
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Effective: 9-1-15 |
Senate Sponsor: West |
House Bill 3014 amends the Government Code to authorize a state agency and the comptroller of public accounts to jointly enter into with any person a success contract under which the majority of the contract payment is conditioned on the contractor meeting or exceeding certain specified performance measures toward the outcome of the contract's objectives. Among other provisions relating to the administration of such contracts, the bill establishes the success contract payments trust fund as a trust fund outside the state treasury with the comptroller as trustee for the purpose of providing a fund from which the comptroller may make success contract payments due in accordance with the contract terms without the necessity of an appropriation for the contract payment.