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A BILL TO BE ENTITLED
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AN ACT
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relating to the local development agreement database maintained by |
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the comptroller of public accounts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 403.0246(a)(2), Government Code, is |
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amended to read as follows: |
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(2) "Local development agreement" means: |
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(A) an agreement entered into by a municipality |
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under Section 380.001 or 380.002, Local Government Code; |
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(B) an agreement entered into by a county under |
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Section 381.004, Local Government Code; [or] |
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(C) an agreement entered into by a local |
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government under Chapter 312, Tax Code; or |
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(D) any other agreement to grant or otherwise |
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commit public money or other resources for economic development |
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purposes by a local government under Chapter 380 or 381, Local |
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Government Code. |
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SECTION 2. Section 403.0246, Government Code, is amended by |
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amending Subsections (b) and (c) and adding Subsection (h) to read |
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as follows: |
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(b) The comptroller shall create and make accessible on the |
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Internet a consolidated searchable data tool [database], to be |
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known as the Local Development [Chapter 380 and 381] Agreement |
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Database, that contains information regarding all local |
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development agreements in this state. |
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(c) For each local development agreement described by |
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Subsection (b), the database must include: |
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(1) the name of the local government that entered into |
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the agreement; |
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(2) a numerical code assigned to the local government |
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by the comptroller; |
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(3) the address of the local government's |
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administrative offices and public contact information; |
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(4) the name of the appropriate officer or other |
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person representing the local government and that person's contact |
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information; |
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(5) the name and contact information of any entity or |
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the entity's agent that entered into the agreement with the local |
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government, including the business address and any assumed names of |
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the entity; |
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(6) the date on which the agreement went into effect |
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and the date and terms on which the agreement expires; |
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(7) the focus or scope of the agreement; |
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(8) an electronic copy of the agreement; [and] |
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(9) the name and contact information of the individual |
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reporting the information to the comptroller; |
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(10) the total monetary value of the agreement; and |
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(11) the source of the money used or type of tax |
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implicated by the agreement, including a sales and use tax, ad |
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valorem tax, or hotel occupancy tax. |
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(h) The comptroller may prescribe the form and manner in |
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which a local government must submit information under Subsection |
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(c). |
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SECTION 3. Subchapter A, Chapter 312, Tax Code, is amended |
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by adding Section 312.008 to read as follows: |
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Sec. 312.008. INTERNET LINK TO AGREEMENT. A taxing unit |
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that maintains an Internet website and that executes a tax |
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abatement agreement under this chapter shall provide on the website |
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a direct link to the location of the agreement information |
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published on the comptroller's Internet website under Section |
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403.0246, Government Code. |
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SECTION 4. The changes in law made by this Act apply only to |
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an agreement entered into on or after the effective date of this |
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Act. An agreement entered into before the effective date of this |
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Act is governed by the law in effect on the date the agreement is |
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entered into, and the former law is continued in effect for that |
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purpose. |
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SECTION 5. This Act takes effect January 1, 2024. |