Enrolled Bill Summary

            House Bill 931 amends the Government Code to require the Texas Department of Economic Development, in consultation with the comptroller, to develop a coordinated, comprehensive economic development plan to provide for the orderly development and management of economic development in this state. The bill sets forth the specific elements that must be contained in the plan as well as its intended uses. The bill requires the department to distribute the plan to local governments to guide their allocation and use of economic development resources; to adopt guidance principles for the plan that reflect the public interest of the entire state as well as specific regional needs; and to deliver the plan and each plan update, including legislative recommendations, to the governor, the lieutenant governor, the speaker of the house of representatives, and the appropriate legislative committees. The bill requires the department to adopt the plan no later than September 1, 2002, and to update it every five years.