77R11861 CLG-F
By Solis H.B. No. 932
Substitute the following for H.B. No. 932:
By McClendon C.S.H.B. No. 932
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to requiring information from the comptroller about state
1-3 and local activities relating to economic development.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Subchapter B, Chapter 403, Government Code, is
1-6 amended by adding Section 403.030 to read as follows:
1-7 Sec. 403.030. INFORMATION ON ECONOMIC DEVELOPMENT
1-8 ACTIVITIES. (a) For purposes of evaluating the effect on economic
1-9 development in this state, the comptroller, before each regular
1-10 session of the legislature, shall collect and make available
1-11 information that:
1-12 (1) lists the strategies in the General Appropriations
1-13 Act identified as meeting the statewide priority goal or service
1-14 category of economic development, if any, of each state agency and
1-15 institution of higher education, as defined by Section 61.003,
1-16 Education Code, including:
1-17 (A) legislative appropriations or actual
1-18 expenditures, as applicable, for each strategy;
1-19 (B) the method of financing of each strategy;
1-20 and
1-21 (C) outcome measures associated with each
1-22 appropriate strategy that are listed in the General Appropriations
1-23 Act or the Automated Budget and Evaluation System of Texas (ABEST);
1-24 (2) lists all investments financed with money from the
2-1 Texas growth fund created by Section 70, Article XVI, Texas
2-2 Constitution;
2-3 (3) contains a summary of the information reported
2-4 under Section 4C, Development Corporation Act of 1979 (Article
2-5 5190.6, Vernon's Texas Civil Statutes), by each corporation created
2-6 under Section 4A or 4B of that Act and a copy of the report
2-7 submitted by each of the 10 corporations with the largest total
2-8 revenue in the most recent fiscal year ending before the date the
2-9 information compiled under this section is made available;
2-10 (4) contains a summary of the report required by
2-11 Section 403.014 and information on the effect on revenues of
2-12 allocation or apportionment under Sections 171.106 and 171.1061,
2-13 Tax Code;
2-14 (5) contains a summary of reports the comptroller is
2-15 required to submit by other law to evaluate the effectiveness of
2-16 Tax Code provisions, including reports required by Sections
2-17 171.707, 171.727, 171.759, and 171.809, Tax Code; and
2-18 (6) to the extent practicable, contains information on
2-19 employment, capital investment, and personal income relating to:
2-20 (A) at least two tax provisions described by
2-21 Section 403.014; and
2-22 (B) changes in school district property tax law
2-23 or Tax Code provisions enacted by the most recent legislature.
2-24 (b) The information compiled by the comptroller under this
2-25 section must cover the five-year period ending on the last day of
2-26 the most recent fiscal year ending before the date the information
2-27 is made available.
3-1 (c) The comptroller may request from any appropriate entity
3-2 or agency information necessary to compile the information
3-3 described by this section. Each entity or agency shall cooperate
3-4 with the comptroller in providing information under this section.
3-5 The Legislative Budget Board shall provide to the comptroller the
3-6 information required by Subsection (a)(1).
3-7 SECTION 2. The information required to be compiled and made
3-8 available before the regular session of the 78th Legislature by
3-9 Section 403.030, Government Code, as added by this Act,
3-10 notwithstanding Subsection (b) of that section, must cover only the
3-11 three-year period ending on the last day of the most recent fiscal
3-12 year ending before the date the information is made available.
3-13 SECTION 3. This Act takes effect immediately if it receives
3-14 a vote of two-thirds of all the members elected to each house, as
3-15 provided by Section 39, Article III, Texas Constitution. If this
3-16 Act does not receive the vote necessary for immediate effect, this
3-17 Act takes effect September 1, 2001.