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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. |
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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 Section 490G.0055 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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SECTION 3. Chapter 490G, Government Code, is amended by |
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adding Section 490G.0065 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 Texas Economic Development and |
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Tourism Office and reporting the findings and recommendations |
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resulting from the project review to the legislature as required by |
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Section 490G.007. The board shall review and make findings and |
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recommendations regarding each project or category of projects as |
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described by this section according to 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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SECTION 4. 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 of |
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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 and of projects undertaken by Type A or |
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Type B corporations that is conducted by the board under this |
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chapter during the preceding two calendar years. |
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SECTION 5. This Act takes effect September 1, 2017. |