By Oliveira H.B. No. 1914 76R3614 GCH-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to a review of state funding formulas that require local 1-3 matching funds. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. DEFINITION. In this Act "economically 1-6 disadvantaged county" means a county that has, in comparison to 1-7 other counties in the state: 1-8 (1) below average per capita taxable property value; 1-9 (2) below average per capita income; and 1-10 (3) above average unemployment. 1-11 SECTION 2. REVIEW OF FUNDING FORMULAS. The Legislative 1-12 Budget Board shall review each state funding formula that requires 1-13 local matching funds to determine whether the requirement of local 1-14 matching funds creates an undue burden on the revenues of political 1-15 subdivisions located in economically disadvantaged counties. 1-16 SECTION 3. REPORT. Before September 1, 2000, the 1-17 Legislative Budget Board shall submit a report to the governor, the 1-18 lieutenant governor, and the speaker of the house of 1-19 representatives detailing the results of its review and proposing 1-20 alternatives to current matching funding formulas that would afford 1-21 political subdivisions located in economically disadvantaged 1-22 counties the ability to compete for state funding on an equal basis 1-23 with political subdivisions in other counties. 1-24 SECTION 4. EFFECTIVE AND EXPIRATION DATES. This Act takes 2-1 effect September 1, 1999, and expires September 1, 2000. 2-2 SECTION 5. EMERGENCY. The importance of this legislation 2-3 and the crowded condition of the calendars in both houses create an 2-4 emergency and an imperative public necessity that the 2-5 constitutional rule requiring bills to be read on three several 2-6 days in each house be suspended, and this rule is hereby suspended.