SRC-MWN, TBR S.B. 275 77(R)   BILL ANALYSIS


Senate Research Center   S.B. 275
77R3981 CLG-DBy: Shapleigh
Business & Commerce
4/16/2001
As Filed


DIGEST AND PURPOSE 

Currently, the state lacks an integrated economic development budget, also
known as a unified budget, that would bring together certain aspects of
economic development. As proposed, S.B. 275 directs the comptroller of
public accounts to develop in a single document an integrated economic
budget that brings together funding information on the state's economic
programs for every agency that receives this type of funding. 

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to a
state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Chapter 403B, Government Code, by adding Section 403.030
as follows: 

Sec. 403.030.  REPORT ON ECONOMIC DEVELOPMENT ACTIVITIES AND PROJECTS.  (a)
Defines "group health benefit plan" and "Texas growth fund." 

 (b)  Requires the comptroller, before each regular session of the
legislature, to submit to the legislature and the governor a report
describing all economic development activities or projects meeting certain
criteria. 

  (c)  Requires the report to include certain information.

 (d)  Requires the report to cover the six-year period ending on the last
day of the fiscal biennium during which the report is submitted. 

 (e)  Authorizes the comptroller to request from an entity described by
Subsection (b)(1), the board of trustees of the Texas growth fund, and any
other appropriate agency information necessary to complete the report.
Requires each entity or agency to cooperate with the comptroller in
providing information for the report. 

SECTION 2.  Effective date:  upon passage or September 1, 2001.