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Amend CSSB 1429 (Senate committee printing) as follows:
(1) In SECTION 1 of the bill, in added Section
171.529(a)(5), Tax Code (page 3, line 54), strike "; and" and
substitute ";".
(2) In SECTION 1 of the bill, in added Section
171.529(a)(6), Tax Code (page 3, line 56), strike the underlined
period and substitute the following:
; and
(7) an economic impact analysis from an economic
expert of the potential qualified equity investment and the
proposed use of the proceeds, which must include:
(A) an estimate of the amount of revenue to be
generated to the state as a result of the qualified equity
investment and the proposed use of the proceeds;
(B) an estimate of any secondary economic
benefits to be generated as a result of the qualified equity
investment and the proposed use of the proceeds; and
(C) any other information required by the
comptroller to make the certification required by Subsection (c).
(3) In SECTION 1 of the bill, in added Section 171.529(c),
Tax Code (page 3, line 64), between "or in part." and "If the
comptroller", insert "The comptroller may not grant an application
in full or in part until the comptroller, based on an evaluation of
the economic impact analysis under Subsection (a)(7), certifies
that the potential qualified equity investment and the proposed use
of the proceeds will have a positive impact on state revenue.".
(4) In SECTION 2 of the bill, in added Section
231.009(a)(5), Insurance Code (page 8, line 48), strike "; and" and
substitute ";".
(5) In SECTION 2 of the bill, in added Section
231.009(a)(6), Insurance Code (page 8, line 50), strike the
underlined period and substitute the following:
; and
(7) an economic impact analysis from an economic
expert of the potential qualified equity investment and the
proposed use of the proceeds, which must include:
(A) an estimate of the amount of revenue to be
generated to the state as a result of the qualified equity
investment and the proposed use of the proceeds;
(B) an estimate of any secondary economic
benefits to be generated as a result of the qualified equity
investment and the proposed use of the proceeds; and
(C) any other information required by the
comptroller to make the certification required by Subsection (c).
(6) In SECTION 2 of the bill, in added Section 231.009(c),
Insurance Code (page 8, line 58), between "or in part." and "If the
comptroller", insert "The comptroller may not grant an application
in full or in part until the comptroller, based on an evaluation of
the economic impact analysis under Subsection (a)(7), certifies
that the potential qualified equity investment and the proposed use
of the proceeds will have a positive impact on state revenue.".