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. 2-14 * * * * *