85R3744 CLG-D
 
  By: Button H.B. No. 3361
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to a periodic review by the Economic Incentive Oversight
  Board of projects undertaken by certain economic development
  corporations.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 490G.001, Government Code, is amended by
  amending Subdivisions (1) and (2-a) and adding Subdivisions (1-a),
  (2-b), and (4) to read as follows:
               (1)  "Authorizing municipality" means the municipality
  that authorizes the creation of a Type A or Type B corporation. 
               (1-a)  "Board" means the Economic Incentive Oversight
  Board.
               (2-a)  "Office" means the Texas Economic Development
  and Tourism Office.
               (2-b)  "Rural county" means a county with a population
  of less than 60,000.
               (4)  "Type A corporation" and "Type B corporation" have
  the meanings assigned those terms by Section 501.002, Local
  Government Code.
         SECTION 2.  Chapter 490G, Government Code, is amended by
  adding Section 490G.0055 to read as follows:
         Sec. 490G.0055.  REVIEW OF ECONOMIC DEVELOPMENT CORPORATION
  PROJECTS; PERFORMANCE MATRIX. (a) The board shall examine the
  effectiveness, efficiency, and financial impact on this state of
  projects undertaken by Type A and Type B corporations under
  Subtitle C1, Title 12, Local Government Code. 
         (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
  projects.
         (c)  A Type A or Type B corporation shall provide to the board
  on request any agreement relating to a project undertaken by the
  corporation and any other information concerning the project as
  necessary to enable the board to perform the board's duties under
  this chapter.
         SECTION 3.  Chapter 490G, Government Code, is amended by
  adding Section 490G.0065 to read as follows:
         Sec. 490G.0065.  SCHEDULE OF REVIEW OF ECONOMIC DEVELOPMENT
  CORPORATION PROJECTS. (a)  The board shall develop a schedule for
  the periodic review of each project or category of projects
  described by Section 490G.0055 and identified by the board for the
  purposes of making recommendations concerning project
  effectiveness and efficiency to the Texas Economic Development and
  Tourism Office and reporting the findings and recommendations
  resulting from the project review to the legislature as required by
  Section 490G.007. The board shall review and make findings and
  recommendations regarding each project or category of projects as
  described by this section according to the review schedule.
         (b)  The board, on request, shall provide to the governing
  body of a Type A corporation's or Type B corporation's authorizing
  municipality any recommendations submitted to the office under
  Subsection (a) concerning a project or category of projects
  undertaken by the corporation created by the municipality.
         SECTION 4.  Section 490G.007, Government Code, is amended to
  read as follows:
         Sec. 490G.007.  BIENNIAL REPORT. Not later than January 1 of
  each odd-numbered 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 and of projects undertaken by Type A or
  Type B corporations that is conducted by the board under this
  chapter during the preceding two calendar years.
         SECTION 5.  This Act takes effect September 1, 2017.