| |
| |
|
|
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. |