1-1     By:  Shapleigh                                         S.B. No. 275
 1-2           (In the Senate - Filed January 18, 2001; January 22, 2001,
 1-3     read first time and referred to Committee on Business and Commerce;
 1-4     April 19, 2001, reported adversely, with favorable Committee
 1-5     Substitute by the following vote:  Yeas 5, Nays 0; April 19, 2001,
 1-6     sent to printer.)
 1-7     COMMITTEE SUBSTITUTE FOR S.B. No. 275                By:  Shapleigh
 1-8                            A BILL TO BE ENTITLED
 1-9                                   AN ACT
1-10     relating to requiring information from the comptroller of public
1-11     accounts about state and local activities relating to economic
1-12     development.
1-13           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-14           SECTION 1.  Subchapter B, Chapter 403, Government Code, is
1-15     amended by adding Section 403.030 to read as follows:
1-16           Sec. 403.030.  INFORMATION ON ECONOMIC DEVELOPMENT
1-17     ACTIVITIES.  (a)  For purposes of evaluating the effect on economic
1-18     development in this state, the comptroller, before each regular
1-19     session of the legislature, shall collect and make available
1-20     information that:
1-21                 (1)  lists the strategies in the General Appropriations
1-22     Act identified as meeting the statewide priority goal or service
1-23     category of economic development, if any, of each state agency and
1-24     institution of higher education, as defined by Section 61.003,
1-25     Education Code, including:
1-26                       (A)  legislative appropriations or actual
1-27     expenditures, as applicable, for each strategy;
1-28                       (B)  the method of financing of each strategy;
1-29     and
1-30                       (C)  outcome measures associated with each
1-31     appropriate strategy that are listed in the General Appropriations
1-32     Act or the Automated Budget and Evaluation System of Texas (ABEST);
1-33                 (2)  lists all investments financed with money from the
1-34     Texas growth fund created by Section 70, Article XVI, Texas
1-35     Constitution;
1-36                 (3)  contains a summary of the information reported
1-37     under Section 4C, Development Corporation Act of 1979 (Article
1-38     5190.6, Vernon's Texas Civil Statutes), by each corporation created
1-39     under Section 4A or 4B of that Act and a copy of the report
1-40     submitted by each of the 10 corporations with the largest total
1-41     revenue in the most recent fiscal year ending before the date the
1-42     information compiled under this section is made available;
1-43                 (4)  contains a summary of the report required by
1-44     Section 403.014 and information on the effect on revenues of
1-45     allocation or apportionment under Sections 171.106 and 171.1061,
1-46     Tax Code;
1-47                 (5)  contains a summary of reports the comptroller is
1-48     required to submit by other law to evaluate the effectiveness of
1-49     Tax Code provisions, including reports required by Sections
1-50     171.707, 171.727, 171.759, and 171.809, Tax Code; and
1-51                 (6)  to the extent practicable, contains information on
1-52     employment, capital investment, and personal income relating to:
1-53                       (A)  at least two tax provisions described  by
1-54     Section 403.014; and
1-55                       (B)  changes in school district property tax law
1-56     or Tax Code provisions enacted by the most recent legislature.
1-57           (b)  The information compiled by the comptroller under this
1-58     section must cover the five-year period ending on the last day of
1-59     the most recent fiscal year ending before the date the information
1-60     is made available.
1-61           (c)  The comptroller may request from any appropriate entity
1-62     or agency information necessary to compile the information
1-63     described by this section.  Each entity or agency shall cooperate
1-64     with the comptroller in providing information under this section.
 2-1     The Legislative Budget Board shall provide to the comptroller the
 2-2     information required by Subsection (a)(1).
 2-3           SECTION 2.  The information required to be compiled and made
 2-4     available before the regular session of the 78th Legislature by
 2-5     Section 403.030, Government Code, as added by this Act,
 2-6     notwithstanding Subsection (b) of that section, must cover only the
 2-7     three-year period ending on the last day of the most recent fiscal
 2-8     year ending before the date the information is made available.
 2-9           SECTION 3.  This Act takes effect immediately if it receives
2-10     a vote of two-thirds of all the members elected to each house, as
2-11     provided by Section 39, Article III, Texas Constitution.  If this
2-12     Act does not receive the vote necessary for immediate effect, this
2-13     Act takes effect September 1, 2001.
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