1-1                                   AN ACT
 1-2     relating to requiring information from the comptroller of public
 1-3     accounts about state and local activities relating to economic
 1-4     development.
 1-6           SECTION 1.  Subchapter B, Chapter 403, Government Code, is
 1-7     amended by adding Section 403.030 to read as follows:
 1-9     ACTIVITIES.  (a)  For purposes of evaluating the effect on economic
1-10     development in this state, the comptroller, before each regular
1-11     session of the legislature, shall collect and make available
1-12     information that:
1-13                 (1)  lists the strategies in the General Appropriations
1-14     Act identified as meeting the statewide priority goal or service
1-15     category of economic development, if any, of each state agency and
1-16     institution of higher education, as defined by Section 61.003,
1-17     Education Code, including:
1-18                       (A)  legislative appropriations or actual
1-19     expenditures, as applicable, for each strategy;
1-20                       (B)  the method of financing of each strategy;
1-21     and
1-22                       (C)  outcome measures associated with each
1-23     appropriate strategy that are listed in the General Appropriations
1-24     Act or the Automated Budget and Evaluation System of Texas (ABEST);
1-25                 (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
 3-1     is made available.
 3-2           (c)  The comptroller may request from any appropriate entity
 3-3     or agency information necessary to compile the information
 3-4     described by this section.  Each entity or agency shall cooperate
 3-5     with the comptroller in providing information under this section.
 3-6     The Legislative Budget Board shall provide to the comptroller the
 3-7     information required by Subsection (a)(1).
 3-8           SECTION 2.  The information required to be compiled and made
 3-9     available before the regular session of the 78th Legislature by
3-10     Section 403.030, Government Code, as added by this Act,
3-11     notwithstanding Subsection (b) of that section, must cover only the
3-12     three-year period ending on the last day of the most recent fiscal
3-13     year ending before the date the information is made available.
3-14           SECTION 3.  This Act takes effect immediately if it receives
3-15     a vote of two-thirds of all the members elected to each house, as
3-16     provided by Section 39, Article III, Texas Constitution.  If this
3-17     Act does not receive the vote necessary for immediate effect, this
3-18     Act takes effect September 1, 2001.
         _______________________________     _______________________________
             President of the Senate              Speaker of the House
               I hereby certify that S.B. No. 275 passed the Senate on
         April 26, 2001, by the following vote:  Yeas 30, Nays 0, one
         present, not voting.
                                                 Secretary of the Senate
               I hereby certify that S.B. No. 275 passed the House on
         May 17, 2001, by the following vote:  Yeas 140, Nays 0, two
         present, not voting.
                                                Chief Clerk of the House