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A BILL TO BE ENTITLED
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AN ACT
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relating to a periodic review by the Economic Incentive Oversight |
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Board of projects undertaken by certain economic development |
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corporations and the ad valorem tax incentive program established |
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by the Texas Economic Development Act. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 490G.001, Government Code, is amended by |
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amending Subdivisions (1) and (2-a) and adding Subdivisions (1-a), |
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(2-b), and (4) to read as follows: |
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(1) "Authorizing municipality" means the municipality |
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that authorizes the creation of a Type A or Type B corporation. |
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(1-a) "Board" means the Economic Incentive Oversight |
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Board. |
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(2-a) "Office" means the Texas Economic Development |
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and Tourism Office. |
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(2-b) "Rural county" means a county with a population |
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of less than 60,000. |
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(4) "Type A corporation" and "Type B corporation" have |
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the meanings assigned those terms by Section 501.002, Local |
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Government Code. |
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SECTION 2. Chapter 490G, Government Code, is amended by |
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adding Sections 490G.0055 and 490G.0056 to read as follows: |
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Sec. 490G.0055. REVIEW OF ECONOMIC DEVELOPMENT CORPORATION |
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PROJECTS; PERFORMANCE MATRIX. (a) The board shall examine the |
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effectiveness, efficiency, and financial impact on this state of |
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projects undertaken by Type A and Type B corporations under |
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Subtitle C1, Title 12, Local Government Code. |
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(b) The board shall develop a performance matrix that |
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clearly establishes the economic performance indicators, measures, |
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and metrics that will guide the board's evaluations of those |
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projects. |
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(c) A Type A or Type B corporation shall provide to the board |
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on request any agreement relating to a project undertaken by the |
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corporation and any other information concerning the project as |
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necessary to enable the board to perform the board's duties under |
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this chapter. |
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Sec. 490G.0056. REVIEW OF PROGRAM ESTABLISHED BY TEXAS |
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ECONOMIC DEVELOPMENT ACT; PERFORMANCE MATRIX. (a) The board shall |
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examine the effectiveness, efficiency, and financial impact on this |
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state of the ad valorem tax incentive program established by |
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Chapter 313, Tax Code, including whether that chapter is being |
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implemented by school districts and the comptroller in such a way as |
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to: |
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(1) accomplish the purposes of that chapter as |
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expressed in Section 313.003 of that chapter; and |
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(2) comply with the intent of the legislature in |
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enacting that chapter as expressed in Section 313.004 of that |
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chapter. |
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(b) The board shall develop a performance matrix that |
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clearly establishes the economic performance indicators, measures, |
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and metrics that will guide the board's evaluation of the program. |
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(c) The comptroller shall provide to the board on request |
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information concerning the program as necessary to enable the board |
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to perform the board's duties under this chapter. |
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SECTION 3. The heading to Section 490G.006, Government |
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Code, is amended to read as follows: |
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Sec. 490G.006. SCHEDULE OF REVIEW OF STATE INCENTIVE |
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PROGRAMS; RECOMMENDATION TO LEGISLATIVE AUDIT COMMITTEE. |
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SECTION 4. Chapter 490G, Government Code, is amended by |
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adding Sections 490G.0065 and 490G.0066 to read as follows: |
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Sec. 490G.0065. SCHEDULE OF REVIEW OF ECONOMIC DEVELOPMENT |
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CORPORATION PROJECTS. (a) The board shall develop a schedule for |
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the periodic review of each project or category of projects |
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described by Section 490G.0055 and identified by the board for the |
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purposes of making recommendations concerning project |
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effectiveness and efficiency to the office and reporting the |
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findings and recommendations resulting from the project review to |
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the legislature as required by Section 490G.007. The board shall |
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review and make findings and recommendations regarding each project |
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or category of projects as described by this section according to |
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the review schedule. |
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(b) The board, on request, shall provide to the governing |
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body of a Type A corporation's or Type B corporation's authorizing |
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municipality any recommendations submitted to the office under |
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Subsection (a) concerning a project or category of projects |
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undertaken by the corporation created by the municipality. |
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Sec. 490G.0066. SCHEDULE OF REVIEW OF PROGRAM ESTABLISHED |
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BY TEXAS ECONOMIC DEVELOPMENT ACT. (a) The board shall develop a |
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schedule for the periodic review of the ad valorem tax incentive |
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program established by Chapter 313, Tax Code, for the purpose of |
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making recommendations concerning the effectiveness and efficiency |
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of the program to the office and reporting the findings and |
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recommendations resulting from the review to the legislature as |
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required by Section 490G.007. The board shall review and make |
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findings and recommendations regarding the program according to the |
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review schedule. |
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(b) The board, on request, shall provide to the governing |
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body of a school district or the comptroller any recommendations |
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submitted to the office under Subsection (a) concerning the |
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program. |
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SECTION 5. Section 490G.007, Government Code, is amended to |
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read as follows: |
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Sec. 490G.007. BIENNIAL REPORT. Not later than January 1 |
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of each odd-numbered year, the board shall submit to the lieutenant |
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governor, the speaker of the house of representatives, and each |
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standing committee of the senate and house of representatives with |
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primary jurisdiction over economic development a report containing |
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findings and recommendations resulting from each review of state |
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incentive programs and funds, of projects undertaken by Type A or |
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Type B corporations, and of the ad valorem tax incentive program |
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established by Chapter 313, Tax Code, that is conducted by the board |
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under this chapter during the preceding two calendar years. |
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SECTION 6. This Act takes effect September 1, 2017. |