INTRODUCED
|
HOUSE COMMITTEE
SUBSTITUTE
|
ARTICLE 1. TRUSTEED PROGRAMS
WITHIN OFFICE OF GOVERNOR
|
ARTICLE 1. TRUSTEED PROGRAMS
WITHIN OFFICE OF GOVERNOR
|
SECTION 1.01. Section
481.078, Government Code, is amended by amending Subsections (c), (d-1),
(e), (e-1), (f), and (k) and adding Subsections (e-2), (e-3), and (m) to
read as follows:
(c) Except as provided by
Subsections (d) and (d-1), the fund may be used only for:
(1) economic
development, infrastructure development, community development, job
training programs, and business incentives; and
(2) projects for
commercialization of property derived from research developed at or through
public or private institutions of higher education as provided by Section
481.081.
(d-1) The fund may be used
for the Texas homeless housing and services program administered by the
Texas Department of Housing and Community Affairs under Section 2306.2585.
The governor may transfer appropriations from the fund to the Texas
Department of Housing and Community Affairs to fund the Texas homeless
housing and services program. Subsections (e-3) [(e-1)],
(f), (f-1), (f-2), (g), (h), (h-1), (i), and (j) and Section 481.080 do not
apply to a grant awarded for a purpose specified by this subsection.
(e) The administration of
the fund is considered to be a trusteed program within the office of the
governor. The governor may negotiate on behalf of the state regarding
awarding, by grant, money appropriated from the fund.
(e-1) Of the amount of money available in each state fiscal year for
distribution from the fund for awarding grants:
(1) 20 percent may be used only for grants to small businesses as
provided by Subsection (k);
(2) 15 percent may be used only for grants to public or private
institutions of higher education for projects involving commercialization
of property as provided by Section 481.081; and
(3) 65 percent may be used only for the other purposes for which
money from the fund may be used.
(e-2) The governor
may award money appropriated from the fund only with the prior approval of
the lieutenant governor and speaker of the house of representatives. For
purposes of this subsection, an award of money appropriated from the fund
is considered disapproved by the lieutenant governor or speaker of the
house of representatives if that officer does not approve the proposal to
award the grant before the 91st day
after the date of receipt of the proposal from the governor. The
lieutenant governor or the speaker of the house of representatives may
extend the review deadline applicable to that officer for an additional 14
days by submitting a written notice to that effect to the governor before
the expiration of the initial review period.
(e-3) [(e-1)]
To be eligible to receive a grant under this section, the entity must:
(1) be in good standing
under the laws of the state in which the entity was formed or organized, as
evidenced by a certificate issued by the secretary of state or the state
official having custody of the records pertaining to entities or other
organizations formed under the laws of that state; and
(2) owe no delinquent taxes
to a taxing unit of this state.
(f) Before awarding a grant from
the fund [under this section], the governor shall enter into a
written agreement with the entity to be awarded the grant money. If the
entity is awarded a grant for a purpose described by Subsection (c)(1), the
agreement must specify [specifying] that:
(1) if the governor finds
that the grant recipient has not met each of the performance targets
specified in the agreement as of a date certain provided in the agreement:
(A) the recipient shall
repay the grant and any related interest to the state at the agreed rate
and on the agreed terms;
(B) the governor will not
distribute to the recipient any grant money that remains to be awarded
under the agreement; and
(C) the governor may assess
specified penalties for noncompliance against the recipient;
(2) if all or any portion of
the amount of the grant is used to build a capital improvement, the state
may:
(A) retain a lien or other
interest in the capital improvement in proportion to the percentage of the
grant amount used to pay for the capital improvement; and
(B) require the recipient of
the grant, if the capital improvement is sold, to:
(i) repay to the state the
grant money used to pay for the capital improvement, with interest at the
rate and according to the other terms provided by the agreement; and
(ii) share with the state a
proportionate amount of any profit realized from the sale; and
(3) if, as of a date certain
provided in the agreement, the grant recipient has not used grant money
awarded under this section for the purposes for which the grant was
intended, the recipient shall repay that amount and any related interest to
the state at the agreed rate and on the agreed terms.
(k) To encourage the
development and location of small businesses in this state, the governor
shall make [consider making] grants from the fund:
(1) to recipients that are
small businesses in this state that commit to using the grants to create
additional jobs;
(2) to recipients that are
small businesses from outside the state that commit to relocate to this
state; or
(3) for individual projects
that create 100 or fewer additional jobs.
(m) The office of the
governor shall adopt rules for the operation of the trusteed program
established under this section. The rules must include:
(1) forms and procedures
for applications for and the award of grants;
(2) procedures for
evaluating grant applications;
(3) provisions governing
the grant agreement process;
(4) methods and
procedures for monitoring grant recipients and projects or activities for
which a grant is awarded from the fund to determine whether and to what
extent the grant recipients comply with job creation performance targets,
capital investment commitments, or other specified performance targets in
the grant agreement, including requirements that grant recipients provide
to the office periodic compliance updates;
(5) document retention
requirements for grant recipients that are consistent with applicable state
law; and
(6) conflict of interest
provisions to ensure that persons involved in the operation of the program,
including persons involved in evaluating applications for or awarding
grants from the fund or in monitoring grant recipients or determining
compliance with the terms of grant agreements, do not have a substantial
interest in any grant recipient or grant awarded from the fund.
|
SECTION 1.01. Section
481.078, Government Code, is amended by amending Subsections (c), (d-1),
(e), (e-1), (f), and (k) and adding Subsections (e-2) and (m) to read as
follows:
(c) Except as provided by
Subsections (d) and (d-1), the fund may be used only for:
(1) economic
development, infrastructure development, community development, job
training programs, and business incentives; and
(2) projects for
commercialization of property derived from research developed at or through
public or private institutions of higher education as provided by Section
481.081.
(d-1) The fund may be used for
the Texas homeless housing and services program administered by the Texas
Department of Housing and Community Affairs under Section 2306.2585. The
governor may transfer appropriations from the fund to the Texas Department
of Housing and Community Affairs to fund the Texas homeless housing and
services program. Subsections (e-2) [(e-1)], (f), (f-1),
(f-2), (g), (h), (h-1), (i), and (j) and Section 481.080 do not apply to a
grant awarded for a purpose specified by this subsection.
(e) The administration of
the fund is considered to be a trusteed program within the office of the
governor. The governor may negotiate on behalf of the state regarding
awarding, by grant, money appropriated from the fund.
(e-1) The governor
may award money appropriated from the fund only with the prior approval of
the lieutenant governor and speaker of the house of representatives. For
purposes of this subsection, an award of money appropriated from the fund
is considered disapproved by the lieutenant governor or speaker of the
house of representatives if that officer does not approve the proposal to
award the grant before the 31st [91st] day after the date of
receipt of the proposal from the governor. The lieutenant governor or the
speaker of the house of representatives may extend the review deadline
applicable to that officer for an additional 14 days by submitting a
written notice to that effect to the governor before the expiration of the
initial review period.
(e-2) [(e-1)]
To be eligible to receive a grant under this section, the entity must:
(1) be in good standing
under the laws of the state in which the entity was formed or organized, as
evidenced by a certificate issued by the secretary of state or the state
official having custody of the records pertaining to entities or other
organizations formed under the laws of that state; and
(2) owe no delinquent taxes
to a taxing unit of this state.
(f) Before awarding a grant from
the fund [under this section], the governor shall enter into a
written agreement with the entity to be awarded the grant money. If the
entity is awarded a grant for a purpose described by Subsection (c)(1), the
agreement must specify [specifying] that:
(1) if the governor finds
that the grant recipient has not met each of the performance targets
specified in the agreement as of a date certain provided in the agreement:
(A) the recipient shall
repay the grant and any related interest to the state at the agreed rate
and on the agreed terms;
(B) the governor will not
distribute to the recipient any grant money that remains to be awarded
under the agreement; and
(C) the governor may assess
specified penalties for noncompliance against the recipient;
(2) if all or any portion of
the amount of the grant is used to build a capital improvement, the state
may:
(A) retain a lien or other
interest in the capital improvement in proportion to the percentage of the
grant amount used to pay for the capital improvement; and
(B) require the recipient of
the grant, if the capital improvement is sold, to:
(i) repay to the state the
grant money used to pay for the capital improvement, with interest at the
rate and according to the other terms provided by the agreement; and
(ii) share with the state a
proportionate amount of any profit realized from the sale; and
(3) if, as of a date certain
provided in the agreement, the grant recipient has not used grant money
awarded under this section for the purposes for which the grant was
intended, the recipient shall repay that amount and any related interest to
the state at the agreed rate and on the agreed terms.
(k) To encourage the
development and location of small businesses in this state, the governor
shall make [consider making] grants from the fund:
(1) to recipients that are
small businesses in this state that commit to using the grants to create
additional jobs;
(2) to recipients that are
small businesses from outside the state that commit to relocate to this
state; or
(3) for individual projects
that create 100 or fewer additional jobs.
(m) The office of the
governor shall adopt rules for the operation of the trusteed program
established under this section. The rules must include:
(1) forms and procedures
for applications for and the award of grants;
(2) procedures for
evaluating grant applications;
(3) provisions governing
the grant agreement process;
(4) methods and
procedures for monitoring grant recipients and projects or activities for
which a grant is awarded from the fund to determine whether and to what
extent the grant recipients comply with job creation performance targets,
capital investment commitments, or other specified performance targets in
the grant agreement, including requirements that grant recipients provide
to the office periodic compliance updates;
(5) document retention
requirements for grant recipients that are consistent with applicable state
law; and
(6) conflict of interest
provisions to ensure that persons involved in the operation of the program,
including persons involved in evaluating applications for or awarding
grants from the fund or in monitoring grant recipients or determining
compliance with the terms of grant agreements, do not have a substantial
interest in any grant recipient or grant awarded from the fund.
|
SECTION 1.02. Section
481.079(a-1), Government Code, is amended.
|
SECTION 1.02. Same as
introduced version.
|
SECTION 1.03. Subchapter E,
Chapter 481, Government Code, is amended by adding Section 481.081 to read
as follows:
Sec. 481.081. TEXAS
ENTERPRISE FUND: GRANT FOR UNIVERSITY RESEARCH DEVELOPMENT WITH PRIVATE
SPONSORSHIP. (a) In this section:
(1) "Fund"
means the Texas Enterprise Fund under Section 481.078.
(2) "Public or
private institution of higher education" means an institution of
higher education or a private or independent institution of higher
education as those terms are defined by Section 61.003, Education Code.
(b) The governor shall
provide grants from the fund to supplement other funding for projects
involving the commercialization of intellectual property or other property
derived from research developed at or through a public or private
institution of higher education. To be eligible for a grant under this
section, a project must be supported by funding provided by one or more
private entities participating in the project, in addition to any funding
provided by the public or private institution of higher education.
(c) The amount of a grant
awarded under this section may not exceed 50 percent of the total amount of
investment in the project provided by the applicable public or private
institution of higher education and the participating private entity or
entities.
|
SECTION 1.03. Subchapter E,
Chapter 481, Government Code, is amended by adding Section 481.081 to read
as follows:
Sec. 481.081. TEXAS
ENTERPRISE FUND: GRANT FOR UNIVERSITY RESEARCH DEVELOPMENT WITH PRIVATE
SPONSORSHIP. (a) In this section:
(1) "Fund"
means the Texas Enterprise Fund under Section 481.078.
(2) "Public or
private institution of higher education" means an institution of
higher education or a private or independent institution of higher
education as those terms are defined by Section 61.003, Education Code.
(b) The governor shall
provide grants to public or private
institutions of higher education from the fund to supplement other
funding for projects involving the commercialization of intellectual
property or other property derived from research developed at or through a
public or private institution of higher education. To be eligible for a
grant under this section, a project must be supported by funding provided
by one or more private entities participating in the project, in addition
to any funding provided by the public or private institution of higher
education.
(c) The amount of a grant
awarded under this section may not exceed 50 percent of the total amount of
investment in the project provided by the applicable public or private
institution of higher education and the participating private entity or
entities.
|
SECTION 1.04. Subchapter G,
Chapter 404, Government Code, is amended.
|
SECTION 1.04. Same as
introduced version.
|
SECTION 1.05. Effective
September 1, 2016, Subchapter G, Chapter 404, Government Code, is amended.
|
SECTION 1.05. Same as
introduced version.
|
SECTION 1.06. The heading to
Chapter 490, Government Code, is amended.
|
SECTION 1.06. Same as
introduced version.
|
SECTION 1.07. Sections
490.001(2) and (4), Government Code, are amended.
|
SECTION 1.07. Same as
introduced version.
|
SECTION 1.08. The heading to
Section 490.005, Government Code, is amended.
|
SECTION 1.08. Same as
introduced version.
|
SECTION 1.09. Section
490.005, Government Code, is amended.
|
SECTION 1.09. Same as
introduced version.
|
SECTION 1.10. Effective
September 1, 2016, Subchapter A, Chapter 490, Government Code, is amended.
|
SECTION 1.10. Same as
introduced version.
|
SECTION 1.11. Section
490.006, Government Code, is amended.
|
SECTION 1.11. Same as
introduced version.
|
SECTION 1.12. The heading to
Subchapter B, Chapter 490, Government Code, is amended.
|
SECTION 1.12. Same as
introduced version.
|
SECTION 1.13. Section
490.057, Government Code, is amended.
|
SECTION 1.13. Same as
introduced version.
|
SECTION 1.14. Section
50D.013(a), Agriculture Code, is amended.
|
SECTION 1.14. Same as
introduced version.
|
SECTION 1.15. Section
203.021(e), Labor Code, is amended.
|
SECTION 1.15. Same as
introduced version.
|
SECTION 1.16. The following
laws are repealed:
(1) Sections 490.001(1),
(3), and (5), Government Code;
(2) Sections 490.002 and
490.003, Government Code;
(3) Sections 490.051,
490.052, 490.0521, 490.053, 490.054, 490.055, and 490.056, Government Code;
and
(4) Subchapters C, D, E, F,
and G, Chapter 490, Government Code.
|
SECTION 1.16. Same as
introduced version.
|
SECTION 1.17. (a) On
September 1, 2015, the Texas emerging technology fund is abolished and, except as provided by Subsections (c) and
(d) of this section, the comptroller shall transfer the unencumbered
balance of the fund as follows:
(1)
50 percent of the balance to the credit of the Texas Research Incentive
Program (TRIP) under Subchapter F, Chapter 62, Education Code; and
(2)
50 percent of the balance to the credit of the skills development fund
program under Chapter 303, Labor Code.
(b) The abolishment by this
article of the Texas emerging technology fund and the repeal of provisions
of Chapter 490, Government Code, relating to that fund do not affect the
validity of an agreement between the governor and an award recipient or a
person to be awarded money that is entered into under Chapter 490 before
September 1, 2015.
(c) Money that was deposited
in the Texas emerging technology fund as a gift, grant, or donation under
Chapter 490, Government Code, and that is encumbered by the specific terms
of the gift, grant, or donation may be spent only in accordance with the
terms of the gift, grant, or donation.
(d) Money from the Texas
emerging technology fund that is encumbered because the money is awarded or
otherwise obligated by agreement before September 1, 2015, but under the
terms of the award or agreement will not be distributed until a later date
shall be distributed in accordance with the terms of the award or
agreement. If the governor determines that the money will not be
distributed in accordance with the terms of the award or agreement, the governor
shall certify that fact to the comptroller. On that certification, the
comptroller shall make that money available in the general revenue fund to
be used in accordance with legislative appropriation.
(e) On or after the
effective date of this Act, subject to any amounts used to recover costs
under Section 404.1031(b), Government Code, as added by this article, the
following payments or other amounts shall be sent to the comptroller for
deposit to the general revenue fund:
(1) any royalties, revenues,
and other financial benefits realized from a project undertaken with money
from the Texas emerging technology fund, as provided by a contract
described by former Section 490.103, Government Code;
(2) any interest or proceeds
received as a result of a transaction authorized by former Section
490.101(h), Government Code;
(3) any money returned or
repaid to the state by an award recipient pursuant to an agreement entered
into under former Section 490.101, Government Code;
(4) any money derived from
an interest the state retained in a capital improvement pursuant to an
agreement entered into under former Section 490.101, Government Code; and
(5) any fund money returned
by an entity that fails to perform an action guaranteed by a contract
entered into under former Section 490.154 or 490.203, Government Code.
|
SECTION 1.17. (a) On
September 1, 2015, the Texas emerging technology fund is abolished. Any unencumbered balance of the fund may be
appropriated only to any of the following:
(1)
the Texas Research Incentive Program (TRIP) under Subchapter F, Chapter 62,
Education Code;
(2)
the Texas research university fund, subject to Subsection (b) of this
section;
(3)
the governor's university research initiative fund established under
Subchapter H, Chapter 62, Education Code, as added by this Act; and
(4)
the comptroller for the purposes of expenses incurred in managing the
state's portfolio of equity positions and other investments in connection
with awards from the former Texas emerging technology fund in accordance
with Section 404.1031, Government Code, as added by this article.
(b)
The authority of the Texas research university fund to receive the
appropriation described by Subsection (a) of this section is contingent on
passage and enactment of H.B. 1000, or similar legislation relating to
state support for general academic teaching institutions in this state by
the 84th Legislature, Regular Session, 2015, that renames the existing
Texas competitive knowledge fund and changes the purposes for which the
fund can be used.
(c) The abolishment by this
article of the Texas emerging technology fund and the repeal of provisions
of Chapter 490, Government Code, relating to that fund do not affect the
validity of an agreement between the governor and an award recipient or a
person to be awarded money that is entered into under Chapter 490 before
September 1, 2015.
(d) Money that was deposited
in the Texas emerging technology fund as a gift, grant, or donation under
Chapter 490, Government Code, and that is encumbered by the specific terms
of the gift, grant, or donation may be spent only in accordance with the
terms of the gift, grant, or donation.
(e) Money from the Texas
emerging technology fund that is encumbered because the money is awarded or
otherwise obligated by agreement before September 1, 2015, but under the
terms of the award or agreement will not be distributed until a later date
shall be distributed in accordance with the terms of the award or
agreement. If the governor determines that the money will not be
distributed in accordance with the terms of the award or agreement, the
governor shall certify that fact to the comptroller. On that
certification, the comptroller shall make that money available in the
general revenue fund to be used in accordance with legislative
appropriation.
(f) On or after the
effective date of this Act, subject to any amounts used to recover costs
under Section 404.1031(b), Government Code, as added by this article, the
following payments or other amounts shall be sent to the comptroller for
deposit to the general revenue fund to be
used in accordance with legislative appropriation:
(1) any royalties, revenues,
and other financial benefits realized from a project undertaken with money
from the Texas emerging technology fund, as provided by a contract
described by former Section 490.103, Government Code;
(2) any interest or proceeds
received as a result of a transaction authorized by former Section
490.101(h), Government Code;
(3) any money returned or
repaid to the state by an award recipient pursuant to an agreement entered
into under former Section 490.101, Government Code;
(4) any money derived from
an interest the state retained in a capital improvement pursuant to an
agreement entered into under former Section 490.101, Government Code; and
(5) any fund money returned
by an entity that fails to perform an action guaranteed by a contract
entered into under former Section 490.154 or 490.203, Government Code.
|
SECTION 1.18. A regional
center of innovation and commercialization established under Section
490.152, Government Code, is abolished on the effective date of this Act.
Each center shall transfer to the office of the governor a copy of any
meeting minutes required to be retained under Section 490.1521, Government
Code, as that section existed immediately before that section's repeal by
this article, and the office shall retain the minutes for the period
prescribed by that section.
|
SECTION 1.18. Same as
introduced version.
|
SECTION 1.19. On September
1, 2015, the Texas Emerging Technology Advisory Committee established under
Subchapter B, Chapter 490, Government Code, is abolished.
|
SECTION 1.19. Same as
introduced version.
|
SECTION 1.20. Except as
provided by this Act, on September 1, 2015, the following powers, duties,
functions, and activities performed by the office of the governor
immediately before that date are transferred to the Texas Treasury
Safekeeping Trust Company:
(1) all powers, duties,
functions, and activities related to equity positions in the form of stock
or other security the governor has taken, on behalf of the state, in
companies that received awards under the Texas emerging technology fund
before September 1, 2015; and
(2) all powers, duties,
functions, and activities related to other investments made by the
governor, on behalf of the state, in connection with an award made under
the Texas emerging technology fund before September 1, 2015.
|
SECTION 1.20. Same as
introduced version.
|
SECTION 1.21. If a conflict
exists between this Act and another Act of the 84th Legislature, Regular
Session, 2015, that relates to the Texas emerging technology fund, this Act
controls without regard to the relative dates of enactment.
|
SECTION 1.21. Same as
introduced version.
|
ARTICLE 2. ECONOMIC INCENTIVE
OVERSIGHT BOARD
|
ARTICLE 2. ECONOMIC
INCENTIVE OVERSIGHT BOARD
|
SECTION 2.01. Subtitle F,
Title 4, Government Code, is amended by adding Chapter 490G to read as
follows:
CHAPTER 490G. ECONOMIC
INCENTIVE OVERSIGHT BOARD
Sec. 490G.001. DEFINITIONS.
|
SECTION 2.01. Subtitle F,
Title 4, Government Code, is amended by adding Chapter 490G to read as
follows:
CHAPTER 490G. ECONOMIC
INCENTIVE OVERSIGHT BOARD
Sec. 490G.001.
DEFINITIONS.
|
Sec. 490G.002.
ESTABLISHMENT AND COMPOSITION. (a) The Economic Incentive Oversight Board
is an advisory body composed of nine
members as follows:
(1) three public members appointed by the
speaker of the house of representatives, one of whom must be from a rural
county;
(2) three public members appointed by the
lieutenant governor, one of whom must be from a rural county;
(3) two public members
appointed by the comptroller; and
(4) one public member appointed by the
governor.
(b) A member of the board
serves at the pleasure of the appointing officer.
(c) The board members are
entitled to reimbursement for actual and necessary expenses incurred by the
members in serving on the board as provided by Chapter 660 and the General
Appropriations Act.
(d) The office of the
governor shall provide administrative support and staff to the board.
Sec. 490G.003. PRESIDING
OFFICER.
Sec. 490G.004. MEETINGS.
|
Sec. 490G.002.
ESTABLISHMENT AND COMPOSITION. (a) The Economic Incentive Oversight Board
is an advisory body composed of eight
members as follows:
(1) two public members appointed by the
speaker of the house of representatives, one of whom must be from a rural
county;
(2) two public members appointed by the
lieutenant governor, one of whom must be from a rural county;
(3) two public members
appointed by the comptroller; and
(4) two public members appointed by the
governor.
(b) In appointing members of the board, each appointing officer
shall appoint one member who has expertise in the area of economic
development.
(c) A member of the board
serves at the pleasure of the appointing officer.
(d) The board members are
entitled to reimbursement for actual and necessary expenses incurred by the
members in serving on the board as provided by Chapter 660 and the General
Appropriations Act.
(e) The office of the
governor shall provide administrative support and staff to the board.
Sec. 490G.003. PRESIDING
OFFICER.
Sec. 490G.004. MEETINGS.
|
Sec. 490G.005. EVALUATION
AND RECOMMENDATION FOR APPROVAL OR DISAPPROVAL OF CERTAIN INCENTIVES. (a)
The board shall:
(1) evaluate each
application for a state monetary or tax incentive of more than $4 million
to be awarded from a program or fund administered by the office of the
governor or the comptroller;
(2) determine whether the
board will recommend the approval or disapproval of the award of the
incentive to the applicant; and
(3) submit a written
recommendation for the approval or disapproval of the award of the
incentive to the governor, lieutenant governor, or speaker of the house of
representatives and, if the application is for an incentive from a program
or fund administered by the comptroller, to the comptroller.
(b) Notwithstanding any
other law, before awarding a monetary or tax incentive under an application
described by Subsection (a)(1), the governor or comptroller shall:
(1) make the application
available to the board for purposes of this section; and
(2) consider the board's
recommendation concerning approval of the award.
|
No
equivalent provision.
|
Sec. 490G.006. REVIEW OF
CERTAIN STATE INCENTIVE PROGRAMS; PERFORMANCE MATRIX.
(a) The board shall
examine the effectiveness of programs and funds administered by the office
of the governor or the comptroller
that provide state monetary or tax
incentives to business entities and other persons.
(b) The board shall
develop a performance matrix that clearly establishes the economic
performance indicators, measures, and metrics that will guide the board's
evaluations of those programs and funds.
(c) The performance
matrix must be designed to evaluate, in relation to each business entity or
other person that receives a monetary or tax incentive under a program or
from a fund described by Subsection (a), the benefits and costs to this
state, local governments, and residents of this state that result directly
from the economic development activity for which the person received the
incentive and indirectly from activities ancillary to that economic
development activity.
|
Sec. 490G.005. REVIEW OF
CERTAIN STATE INCENTIVE PROGRAMS; PERFORMANCE MATRIX.
(a) The board shall
examine the effectiveness and efficiency
of programs and funds administered by the office of the governor, the
comptroller, or the Department of
Agriculture that award to
business entities and other persons state
monetary or tax incentives for which the governor, comptroller, or
department has discretion in determining whether or not to award the
incentives.
(b) The board shall
develop a performance matrix that clearly establishes the economic
performance indicators, measures, and metrics that will guide the board's
evaluations of those programs and funds.
(c) The performance
matrix must be designed to evaluate, in relation to each business entity or
other person that receives a state
monetary or tax incentive under a program or from a fund described by
Subsection (a), the benefits and costs to this state, local governments,
and residents of this state that result directly from the economic
development activity for which the person received the incentive and
indirectly from activities ancillary to that economic development activity.
|
Sec. 490G.007. SCHEDULE
OF REVIEW.
The board shall develop a
schedule for the periodic review of each state incentive program described
by Section 490G.006 for the purposes of making recommendations on whether
to continue the program or whether to improve program effectiveness.
The board shall review
and make recommendations to the legislature regarding each program
according to the review schedule.
No
equivalent provision.
No
equivalent provision.
Sec. 490G.008. CONFLICTS
OF INTEREST. (a) A member of the board who has a substantial interest in
a business entity or other person that applies
for or receives a state monetary or
tax incentive from a program or fund subject to review by the board shall
disclose that interest in writing to the board.
(b) A board member who
has a business, commercial, or other relationship, other than an interest
described by Subsection (a), that could reasonably be expected to diminish
the person's independence of judgment in the performance of the person's
responsibilities in relation to the board shall disclose the relationship
in writing to the board.
(c) A member of the board
may not make a political contribution to the governor, the comptroller, the
lieutenant governor, or the speaker of the house of representatives or to a
candidate for election or selection to any of those offices.
Sec. 490G.009.
CONFIDENTIALITY OF INFORMATION.
|
Sec. 490G.006. SCHEDULE
OF REVIEW; RECOMMENDATION TO LEGISLATIVE AUDIT COMMITTEE. (a)
The board shall develop a
schedule for the periodic review of each state incentive program or fund described by Section 490G.005 for
the purposes of making recommendations on whether to continue the program or fund or whether to improve program or fund effectiveness and efficiency. The board shall review
and make recommendations to the legislature regarding each program or fund
according to the review schedule.
(b) After conducting a
review of a state incentive program or fund under this chapter, the board
may recommend to the legislative audit committee that an audit of the
program or fund be included in the audit plan under Section 321.013.
Sec. 490G.007. ANNUAL
REPORT. Not later than January 1 of each year, the board shall submit to
the lieutenant governor, the speaker of the house of representatives, and
each standing committee of the senate and house of representatives with
primary jurisdiction over economic development a report containing findings
and recommendations resulting from each review of state incentive programs
and funds conducted by the board under this chapter during the preceding
calendar year.
Sec. 490G.008. CONFLICTS
OF INTEREST. (a) A member of the board who has a substantial interest in
a business entity or other person that previously
applied for or received a
state monetary or tax incentive from a program or fund subject to review by
the board shall disclose that interest in writing to the board.
(b) A board member who
has a business, commercial, or other relationship, other than an interest
described by Subsection (a), that could reasonably be expected to diminish
the person's independence of judgment in the performance of the person's
responsibilities in relation to the board shall disclose the relationship
in writing to the board.
(c) A member of the board
may not make a political contribution to the governor, the comptroller, the
lieutenant governor, or the speaker of the house of representatives or to a
candidate for election or selection to any of those offices.
Sec. 490G.009.
CONFIDENTIALITY OF INFORMATION.
|
SECTION 2.02. As soon as
practicable after the effective date of this Act, the appointing officials
shall appoint members to the Economic Incentive Oversight Board established
under Chapter 490G, Government Code, as added by this article.
|
SECTION 2.02. (a) As soon as
practicable after the effective date of this Act, the appointing officials
shall appoint members to the Economic Incentive Oversight Board established
under Chapter 490G, Government Code, as added by this article.
(b)
Notwithstanding Section 490G.007, Government Code, as added by this
article, the Economic Incentive Oversight Board shall submit the report
required by that section beginning with the report due on January 1, 2017.
|
ARTICLE 3. AUDIT OF ECONOMIC
DEVELOPMENT PROGRAMS
|
No
equivalent provision.
|
SECTION 3.01. Chapter 321,
Government Code, is amended by adding Section 321.0139 to read as follows:
Sec. 321.0139. AUDIT OF
CERTAIN ECONOMIC DEVELOPMENT PROGRAMS AND FUNDS. (a) Beginning September
1, 2015, once every 12 years the state auditor shall conduct an audit of
each of the following:
(1) the rural economic
development and investment program established under Section 12.0271,
Agriculture Code; and
(2) the young farmer
grant program under Subchapter G, Chapter 58, Agriculture Code.
(b) Beginning September
1, 2017, once every 12 years the state auditor shall conduct an audit of
each of the following:
(1) the agricultural
biomass and landfill diversion incentive program established under Chapter
22, Agriculture Code;
(2) the defense economic
adjustment assistance grant program;
(3) the agricultural loan
guarantee program established under Subchapter E, Chapter 58, Agriculture
Code;
(4) the young farmer
interest rate reduction program established under Subchapter F, Chapter 58,
Agriculture Code; and
(5) the interest rate
reduction program established under Section 44.007, Agriculture Code.
(c) Beginning September
1, 2019, once every 12 years the state auditor shall conduct an audit of
each of the following:
(1) the rural investment
fund program under Section 12.046, Agriculture Code;
(2) the moving image
industry incentive program under Subchapter B, Chapter 485; and
(3) the certified capital
company program established under Chapter 228, Insurance Code.
(d) Beginning September
1, 2021, once every 12 years the state auditor shall conduct an audit of
each of the following:
(1) the program to
provide grants of money from the Texas Enterprise Fund under Section 481.078;
(2) the program to
provide disbursements from events trust funds established under Section
5C, Chapter 1507 (S.B. 456), Acts of the 76th Legislature, Regular Session,
1999 (Article 5190.14, Vernon's Texas Civil Statutes), for event support
contracts; and
(3) the program to
provide disbursements from Major Events reimbursement program funds
established under Section 5A, Chapter 1507 (S.B. 456), Acts of the 76th
Legislature, Regular Session, 1999 (Article 5190.14, Vernon's Texas Civil
Statutes), for game support contracts or event support contracts.
(e) Beginning September
1, 2023, once every 12 years the state auditor shall conduct an audit of
each of the following:
(1) the program to
provide disbursements from motor sports racing trust funds established
under Section 5B, Chapter 1507 (S.B. 456), Acts of the 76th Legislature,
Regular Session, 1999 (Article 5190.14, Vernon's Texas Civil Statutes), for
motor sports racing events support contracts or event support contracts;
(2) the program to provide
disbursements from special event trust funds established under Section
398.007, Local Government Code; and
(3) the skills
development fund program established under Chapter 303, Labor Code.
(f) The state auditor may
establish the scope of an audit and the objectives for an audit conducted
under this section that are consistent with generally accepted government
auditing standards and with other audits conducted by the state auditor
under this chapter.
(g) To the extent
practicable, the state auditor may assess the efficiency and effectiveness
of the program or fund subject to an audit under this section.
(h) The state auditor
shall prepare a report of each audit conducted under this section. Not
later than the second anniversary of the date on which an audit required to
be conducted under this section is scheduled to begin, the state auditor
shall file the report with the lieutenant governor, the speaker of the
house of representatives, and the presiding officer of each standing
committee of the senate and house of representatives with primary
jurisdiction over economic development.
(i) The scheduling of the
audits specified by this section is subject to a risk assessment in
accordance with Chapter 321 and to inclusion in the annual audit plan under
Section 321.013(c). If the state auditor determines that an exception to
the schedule specified by this section is warranted, the state auditor
shall notify the Legislative Audit Committee and each standing committee of
the senate and house of representatives with primary jurisdiction over
economic development of the reasons for the exception.
|
No
equivalent provision.
|
ARTICLE 4. ONLINE
INFORMATION AND APPLICATION SYSTEM FOR STATE INCENTIVES
|
ARTICLE 3. ONLINE INFORMATION
AND APPLICATION SYSTEM FOR STATE INCENTIVES
|
SECTION 4.01. Subtitle G,
Title 10, Government Code, is amended by adding Chapter 2301 to read as
follows:
CHAPTER 2301. ELECTRONIC
ECONOMIC DEVELOPMENT INCENTIVES INFORMATION AND APPLICATION SYSTEM
Sec. 2301.001.
DEFINITIONS.
Sec. 2301.002.
ESTABLISHMENT OF PROJECT. The department shall establish an electronic
government project to develop an Internet website accessible through the
state electronic Internet portal that:
(1) provides a single
location that a business entity considering relocating to or expanding in
this state may use to receive information relating to state monetary and
tax incentives for which the entity may be qualified;
(2) includes an
interactive tool that allows a business entity to:
(A) determine whether the
entity may be eligible for any state monetary or tax incentive in this
state; and
(B) receive an estimate of the state monetary and tax incentives
for which the entity may be eligible;
(3) allows, when
feasible, the business entity to fill out one application for all state
monetary and tax incentives for which the entity may be eligible; and
(4) allows, when
feasible, for the application to be submitted to each state agency that
offers the monetary or tax incentive for
which the business entity may be eligible.
Sec. 2301.003.
ESTABLISHING AND OPERATING PROJECT; COORDINATION. In establishing and
operating the electronic government project under this chapter, the
department, in coordination with the Texas Economic Development and Tourism
Office and the comptroller, shall direct, coordinate, and assist state
agencies in establishing and using:
(1) a common electronic
application and reporting system, including:
(A) a standard format for
announcing monetary and tax incentive opportunities;
(B) standard data
elements for use in creating monetary and tax incentive opportunity
announcement summaries, including existing monetary and tax incentives and
search functions; and
(C) a common application
form for a person to use in applying for a
monetary or tax incentive from multiple state agencies; and
(2) a process for:
(A) improving interagency
coordination of information collection and sharing of data relating to
monetary and tax incentives; and
(B) improving the
timeliness, completeness, and quality of applications received by a state
agency for monetary and tax incentives.
|
SECTION 3.01. Subtitle G,
Title 10, Government Code, is amended by adding Chapter 2301 to read as
follows:
CHAPTER 2301. ELECTRONIC
ECONOMIC DEVELOPMENT INCENTIVES INFORMATION AND APPLICATION SYSTEM
Sec. 2301.001.
DEFINITIONS.
Sec. 2301.002.
ESTABLISHMENT OF PROJECT. The department shall establish an electronic
government project to develop an Internet website accessible through the
state electronic Internet portal that:
(1) provides a single
location that a business entity considering relocating to or expanding in
this state may use to receive information relating to state monetary and
tax incentives for which the entity may be qualified;
(2) includes an
interactive tool that allows a business entity to
determine whether the
entity may be eligible for any state monetary or tax incentive in this
state;
(3) allows, when
feasible, the business entity to fill out one application for all:
(A) state monetary incentives
for which the entity may be eligible; and
(B) state tax incentives
for which the entity may be eligible, other
than a tax incentive for which the entity, or a transaction involving the
entity, qualifies for by operation of law; and
(4) allows, when
feasible, for the application to be submitted to each state agency that
offers the monetary or tax incentive described
by Subdivision (3).
Sec. 2301.003.
ESTABLISHING AND OPERATING PROJECT; COORDINATION. In establishing and
operating the electronic government project under this chapter, the
department, in coordination with the Texas Economic Development and Tourism
Office and the comptroller, shall direct, coordinate, and assist state
agencies in establishing and using:
(1) a common electronic
application and reporting system, including:
(A) a standard format for
announcing monetary and tax incentive opportunities;
(B) standard data
elements for use in creating monetary and tax incentive opportunity
announcement summaries, including existing monetary and tax incentives and
search functions; and
(C) a common application
form for a person to use in applying for the
following from multiple state agencies:
(i) all state monetary incentives for which the entity may be
eligible; and
(ii) all state tax incentives for which the entity may be
eligible, other than a tax incentive for which the entity, or a transaction
involving the entity, qualifies for by operation of law; and
(2) a process for:
(A) improving interagency
coordination of information collection and sharing of data relating to
monetary and tax incentives; and
(B) improving the
timeliness, completeness, and quality of applications received by a state
agency for monetary and tax incentives described
by Subdivision (1).
|
ARTICLE 5. PROGRAMS AND
FUNDS ADMINISTERED BY TEXAS ECONOMIC DEVELOPMENT BANK
|
ARTICLE 4. PROGRAMS
ADMINISTERED BY TEXAS ECONOMIC DEVELOPMENT BANK
|
SECTION 5.01. The following
laws are repealed:
(1) Subchapter N, Chapter
481, Government Code;
(2)
Subchapter BB, Chapter 481, Government Code;
(3)
Subchapter D, Chapter 489, Government Code; and
(4) Chapter 503, Local
Government Code.
|
SECTION 4.01. The following
laws are repealed:
(1) Subchapter N, Chapter
481, Government Code; and
(2) Chapter 503, Local
Government Code.
|
SECTION 5.02. Section
447.013(i), Government Code, is amended.
|
SECTION 4.02. Same as
introduced version.
|
SECTION 5.03. Section
489.105(b), Government Code, is amended to read as follows:
(b) The fund consists of:
(1) appropriations for the
implementation and administration of this chapter;
(2) [investment earnings
under the capital access fund established under Section 481.402;
[(3) fees charged under
Subchapter BB, Chapter 481;
[(4)] interest earned
on the investment of money in the fund;
(3) [(5)] fees
charged under this chapter;
(4) [(6)]
investment earnings from the programs administered by the bank;
(5) [(7)]
amounts transferred under Section 2303.504(b), as amended by Article 2,
Chapter 1134, Acts of the 77th Legislature, Regular Session, 2001; and
(6) [(8)
investment earnings under the Texas product development fund under Section
489.211;
[(9) investment earnings
under the Texas small business incubator fund under Section 489.212; and
[(10)] any other
amounts received by the state under this chapter.
|
No
equivalent provision.
|
SECTION 5.04. Section
489.108, Government Code, is amended to read as follows:
Sec. 489.108. PROGRAMS,
SERVICES, AND FUNDS UNDER BANK'S DIRECTION. Notwithstanding any other law,
the bank shall perform the duties and functions of the office with respect
to the following programs, services, and funds:
(1) [the Texas Small
Business Industrial Development Corporation established under Chapter 503,
Local Government Code;
[(2)
the capital access program established under Section 481.405;
[(3)] the Texas
leverage fund;
(2) [(4) the
linked deposit program established under Section 481.193;
[(5)] the enterprise
zone program established under Chapter 2303;
(3) [(6)] the
industrial revenue bond program;
(4) [(7)] the
defense economic readjustment zone program established under Chapter 2310;
(5) [(8)] the
Empowerment Zone and Enterprise Community grant program established under
Section 481.025; and
(6) [(9)] the
renewal community program.
|
SECTION 4.03. Section
489.108, Government Code, is amended to read as follows:
Sec. 489.108. PROGRAMS,
SERVICES, AND FUNDS UNDER BANK'S DIRECTION. Notwithstanding any other law,
the bank shall perform the duties and functions of the office with respect
to the following programs, services, and funds:
(1) [the Texas Small
Business Industrial Development Corporation established under Chapter 503,
Local Government Code;
[(2)]
the capital access program established under Section 481.405;
(2) [(3)] the
Texas leverage fund;
(3) [(4) the linked
deposit program established under Section 481.193;
[(5)] the enterprise
zone program established under Chapter 2303;
(4) [(6)] the
industrial revenue bond program;
(5) [(7)] the
defense economic readjustment zone program established under Chapter 2310;
(6) [(8)] the
Empowerment Zone and Enterprise Community grant program established under
Section 481.025; and
(7) [(9)] the
renewal community program.
|
SECTION 5.05. Section 39.909(a),
Utilities Code, is amended.
|
SECTION 4.04. Same as
introduced version.
|
SECTION 5.06. Section
52.256(a), Utilities Code, is amended.
|
SECTION 4.05. Same as
introduced version.
|
SECTION 5.07. (a) The Texas
Economic Development Bank shall reject any application for a linked deposit
loan submitted to the bank before the effective date of this Act for which
a linked deposit has not been made in accordance with Subchapter N, Chapter
481, Government Code, as that subchapter existed immediately before being
repealed by this article.
(b) Notwithstanding the
repeal by this article of Subchapter N, Chapter 481, Government Code,
Subchapter N is continued in effect for the limited purpose of allowing the
Texas Economic Development Bank to administer linked deposits made before
the effective date of this Act and to pursue the bank's remedies under that
subchapter if:
(1) a recipient of a loan to
which a deposit is linked defaults on the loan; or
(2) a lending institution
that makes a loan for which a linked deposit is made fails to comply with
that subchapter.
|
SECTION 4.06. Same as
introduced version.
|
SECTION 5.08. On the
effective date of this Act the Texas Economic Development Bank shall
allocate any unencumbered balance of the capital access fund to programs
administered by the bank under Section 489.108, Government Code, as amended
by this article.
|
No
equivalent provision.
|
SECTION 5.09. (a)
Notwithstanding the repeal by this article of Subchapter D, Chapter 489,
Government Code, Subchapter D is continued in effect for the limited
purpose of allowing the Texas Economic Development Bank to:
(1) administer any
outstanding loans entered into under that subchapter before the effective
date of this Act; and
(2) satisfy any bond
obligations or pay any other obligations, contractual or otherwise,
incurred under that subchapter before the effective date of this Act.
(b) After all the
obligations described by Subsection (a)(2) of this section have been paid
or satisfied, the Texas Economic Development Bank shall allocate any
remaining balances of the Texas product development fund and the Texas
small business incubator fund to programs administered by the bank under
Section 489.108, Government Code, as amended by this article.
|
No
equivalent provision.
|
SECTION 5.10. As soon as
practicable after the effective date of this Act, the Texas Economic
Development Bank shall send to the comptroller for deposit in the general
revenue fund any revenue or other money of the Texas Small Business
Industrial Development Corporation held in financial institutions as
provided by Section 503.055, Local Government Code, as that section existed
immediately before that section's repeal by this article.
|
SECTION 4.07. Same as
introduced version.
|
No
equivalent provision.
|
ARTICLE 5. GOVERNOR'S
UNIVERSITY RESEARCH INITIATIVE
|
No
equivalent provision.
No
equivalent provision.
No
equivalent provision.
No
equivalent provision.
No
equivalent provision.
No
equivalent provision.
No
equivalent provision.
No
equivalent provision.
|
SECTION 5.01. Chapter 62,
Education Code, is amended by adding Subchapter H to read as follows:
SUBCHAPTER H. GOVERNOR'S
UNIVERSITY RESEARCH INITIATIVE
Sec. 62.161.
DEFINITIONS. In this subchapter:
(1) "Advisory
board" means the governor's university research initiative advisory
board.
(2) "Distinguished
researcher" means a researcher who is:
(A) a Nobel laureate or
the recipient of an equivalent honor; or
(B) a member of a
national honorific society, such as the National Academy of Sciences, the
National Academy of Engineering, or the Institute of Medicine, or an
equivalent honorific organization.
(3) "Eligible
institution" means a general academic teaching institution or
health-related institution.
(4) "Fund"
means the governor's university research initiative fund established under
this subchapter.
(5) "General
academic teaching institution" has the meaning assigned by Section
61.003.
(6) "Governing
board" has the meaning assigned by Section 61.003.
(7) "Health-related
institution" means a medical and dental unit as defined by Section
61.003 and any other public health science center, public medical school,
or public dental school established by statute or in accordance with
Chapter 61.
(8) "Office"
means the Texas Economic Development and Tourism Office within the office
of the governor.
(9) "Private or
independent institution of higher education" has the meaning assigned
by Section 61.003.
Sec. 62.162.
ADMINISTRATION OF INITIATIVE. (a) The governor's university research
initiative is administered by the Texas Economic Development and Tourism
Office within the office of the governor.
(b) From the governor's
university research initiative fund, the office shall award matching grants
to assist eligible institutions in recruiting distinguished researchers.
(c) The office may adopt
any rules the office considers necessary to administer this subchapter.
Sec. 62.163. MATCHING
GRANTS. (a) An eligible institution may apply to the office for a matching
grant from the fund. Before approval or disapproval of a grant
application, the office shall consider the recommendation of the advisory
board regarding the grant proposal. If the office approves a grant
application, the office shall award to the applicant institution a grant
amount equal to the amount committed by the institution for the recruitment
of a distinguished researcher, except as provided by Subsection (c)(2).
(b) A grant application
must identify the source and amount of the eligible institution's matching
funds and must demonstrate that the proposed use of the grant has the
support of the institution's president and of the institution's governing
board, the chair of the institution's governing board, or the chancellor of
the university system, if the institution is a component of a university
system. An applicant eligible institution may commit for matching purposes
any funds of the institution available for that purpose other than
appropriated general revenue.
(c) The office may set a
deadline for grant applications for each state fiscal year. After fully
funding approved grant applications received during an application period
for a state fiscal year, the office may reopen applications for that year
and:
(1) award the full amount
of matching funds from the fund for new applications; or
(2) approve previously
disapproved applications submitted before the original application deadline
for receipt of a reduced grant amount.
(d) A matching grant
received by an eligible institution under this subchapter may not be
considered as a basis to reduce, directly or indirectly, the amount of
money otherwise appropriated to the institution.
(e) A matching grant may
not be used by an eligible institution to recruit a distinguished
researcher or other employee from:
(1) another eligible
institution; or
(2) a private or
independent institution of higher education.
(f) The office shall
require an application and all supporting documentation to be submitted to
the office electronically in the manner prescribed by the office.
Sec. 62.164. GRANT AWARD
CRITERIA; PRIORITIES. (a) In awarding grants, the office shall give
priority to grant proposals that involve the recruitment of distinguished
researchers in the fields of science, technology, engineering, and
mathematics. With respect to proposals involving those fields, the office
shall give priority to proposals that:
(1) demonstrate a
reasonable probability of enhancing Texas' national and global economic
competitiveness;
(2) demonstrate a
reasonable probability of creating a nationally or internationally
recognized locus of research superiority or a unique locus of research;
(3) are matched with a
significant amount of funding from a federal or private source that may be
transferred to the eligible institution;
(4) are interdisciplinary
and collaborative; or
(5) include a strategic
plan for intellectual property development and commercialization of
technology.
(b) The office may award
a grant to a proposal that:
(1) supports the
recruitment of a distinguished researcher distinguished in, or to be
engaged in, basic, translational, or applied research; or
(2) proposes the
recruitment of a distinguished researcher for new research capabilities of
the eligible institution or to expand the institution's existing research
capabilities.
(c) A grant proposal
should identify a specific distinguished researcher being recruited. In
addition to the factors considered in evaluating proposals considered a
priority under Subsection (a), the office may consider:
(1) the likelihood that
the researcher being recruited will not accept a research position with the
applicant eligible institution without the institution's receipt of a
matching grant under this subchapter;
(2) the extent to which
the subject matter of the researcher's research offers the opportunity for
interdisciplinary and collaborative research at the applicant eligible institution
and with other eligible institutions; and
(3) any commercialization
track record of the researcher being recruited.
Sec. 62.165.
CONFIDENTIALITY. Information collected or obtained by the office or the
advisory board concerning the identity of a particular distinguished
researcher who is the subject of a grant proposal under this subchapter is
confidential unless the researcher and the applicant eligible institution
consent to disclosure of the information. The information remains
confidential until the date, if any, on which the researcher enters into an
employment relationship with the recruiting institution as contemplated in
the grant proposal.
Sec. 62.166. ADVISORY
BOARD. (a) The governor's university research initiative advisory board is
established to assist the office with the review and evaluation of
applications for funding of grant proposals under this subchapter. The
advisory board shall make recommendations to the office for approval or
disapproval of those applications.
(b) The advisory board
must be composed of at least nine members appointed by the governor. Of
the members of the board:
(1) one-third of the
members, as nearly as possible, must have a background in finance;
(2) one-third of the
members, as nearly as possible, must have an academic background in
science, technology, engineering, or mathematics; and
(3) one-third of the
members, as nearly as possible, must be public members.
(c) Chapter 2110,
Government Code, does not apply to the size, composition, or duration of
the advisory board.
(d) A member of the
advisory board who is or has been employed by, is or has been a party to a
contract for any purpose with, or is a student or former student of an
applicant eligible institution may not be involved in the review,
evaluation, or recommendation of a grant proposal made by that institution.
(e) An advisory board
member is not required to be a resident of this state.
(f) Appointments to the
advisory board shall be made without regard to the race, color, disability,
sex, religion, age, or national origin of the appointees.
(g) Members of the
advisory board serve without compensation but are entitled to reimbursement
for actual and necessary expenses in attending meetings of the board or
performing other official duties authorized by the office.
Sec. 62.167. TIMELY
ACTION ON APPLICATIONS. (a) The advisory board shall meet in person or by
teleconference to consider grant applications under this subchapter and
shall strive to present to the office the board's recommendation for
approval or disapproval of an application not later than the 14th day after
the date the board receives the application.
(b) The office shall make
a final decision regarding approval of a grant application not later than
the 14th day after the date the office receives the advisory board's
recommendation.
Sec. 62.168. GOVERNOR'S
UNIVERSITY RESEARCH INITIATIVE FUND. (a) The governor's university
research initiative fund is a dedicated account in the general revenue
fund.
(b) The fund consists of:
(1) amounts appropriated
or otherwise allocated or transferred by law to the fund; and
(2) gifts, grants, and
other donations received for the fund.
(c) Sections 403.095 and
404.071, Government Code, do not apply to the fund.
(d) The fund may be used
by the office only for the purposes of this subchapter, including for
necessary expenses incurred in the administration of the fund and this
subchapter.
|
ARTICLE 6. RENAMING OF MAJOR
EVENTS TRUST FUND
|
ARTICLE 6. RENAMING OF MAJOR
EVENTS TRUST FUND
|
SECTION 6.01. The heading to
Section 5A, Chapter 1507 (S.B. 456), Acts of the 76th Legislature, Regular
Session, 1999 (Article 5190.14, Vernon's Texas Civil Statutes), is amended.
|
SECTION 6.01. Same as
introduced version.
|
SECTION 6.02. Sections
5A(a-1), (d), (d-1), (e), (f), (g), (h), (j), (k), (l), (m), (w), and (y),
Chapter 1507 (S.B. 456), Acts of the 76th Legislature, Regular Session,
1999 (Article 5190.14, Vernon's Texas Civil Statutes), are amended.
|
SECTION 6.02. Same as
introduced version.
|
ARTICLE 7. EFFECTIVE DATE
|
ARTICLE 7. EFFECTIVE DATE
|
SECTION 7.01. Except as
otherwise provided by this Act, this Act takes effect September 1, 2015.
|
SECTION 7.01. Same as
introduced version.
|
|