87R9514 BRG-F
 
  By: Thompson of Brazoria H.B. No. 4278
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to a study of the economic effects of alternative methods
  of financing government projects.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  The comptroller of public accounts and the Texas
  Facilities Commission jointly shall conduct a study on the economic
  effects that may result from alternative government project
  financing methods, including effects on the levels of:
               (1)  general revenue debt supported by state tax
  revenue; and
               (2)  general revenue debt supported by tax revenues of
  political subdivisions of this state.
         SECTION 2.  (a) The study described by Section 1 of this Act
  must be based on representative projects identified for analysis in
  a list that the center for alternative finance and procurement
  provides to the comptroller of public accounts and the Texas
  Facilities Commission not later than December 31, 2021.
         (b)  The list of representative projects must:
               (1)  consist of qualifying projects, as defined by
  Section 2267.001, Government Code; and
               (2)  include at least five projects in each of the
  following ranges of project valuation:
                     (A)  less than $5 million;
                     (B)  at least $5 million but less than $20
  million;
                     (C)  at least $20 million but less than $50
  million;
                     (D)  at least $50 million but less than $100
  million;
                     (E)  at least $100 million but less than $500
  million;
                     (F)  at least $500 million but less than $1
  billion;
                     (G)  at least $1 billion but less than $5 billion;
  and
                     (H)  $5 billion or more.
         SECTION 3.  Not later than September 1, 2022, the
  comptroller of public accounts shall:
               (1)  report the results of the study conducted under
  this Act to the governor, the lieutenant governor, and the speaker
  of the house of representatives; and
               (2)  post the results of the study on the comptroller's
  Internet website.
         SECTION 4.  This Act expires January 1, 2023.
         SECTION 5.  This Act takes effect September 1, 2021.