1-1 AN ACT
1-2 relating to requiring information from the comptroller of public
1-3 accounts about state and local activities relating to economic
1-4 development.
1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-6 SECTION 1. Subchapter B, Chapter 403, Government Code, is
1-7 amended by adding Section 403.030 to read as follows:
1-8 Sec. 403.030. INFORMATION ON ECONOMIC DEVELOPMENT
1-9 ACTIVITIES. (a) For purposes of evaluating the effect on economic
1-10 development in this state, the comptroller, before each regular
1-11 session of the legislature, shall collect and make available
1-12 information that:
1-13 (1) lists the strategies in the General Appropriations
1-14 Act identified as meeting the statewide priority goal or service
1-15 category of economic development, if any, of each state agency and
1-16 institution of higher education, as defined by Section 61.003,
1-17 Education Code, including:
1-18 (A) legislative appropriations or actual
1-19 expenditures, as applicable, for each strategy;
1-20 (B) the method of financing of each strategy;
1-21 and
1-22 (C) outcome measures associated with each
1-23 appropriate strategy that are listed in the General Appropriations
1-24 Act or the Automated Budget and Evaluation System of Texas (ABEST);
1-25 (2) lists all investments financed with money from the
2-1 Texas growth fund created by Section 70, Article XVI, Texas
2-2 Constitution;
2-3 (3) contains a summary of the information reported
2-4 under Section 4C, Development Corporation Act of 1979 (Article
2-5 5190.6, Vernon's Texas Civil Statutes), by each corporation created
2-6 under Section 4A or 4B of that Act and a copy of the report
2-7 submitted by each of the 10 corporations with the largest total
2-8 revenue in the most recent fiscal year ending before the date the
2-9 information compiled under this section is made available;
2-10 (4) contains a summary of the report required by
2-11 Section 403.014 and information on the effect on revenues of
2-12 allocation or apportionment under Sections 171.106 and 171.1061,
2-13 Tax Code;
2-14 (5) contains a summary of reports the comptroller is
2-15 required to submit by other law to evaluate the effectiveness of
2-16 Tax Code provisions, including reports required by Sections
2-17 171.707, 171.727, 171.759, and 171.809, Tax Code; and
2-18 (6) to the extent practicable, contains information on
2-19 employment, capital investment, and personal income relating to:
2-20 (A) at least two tax provisions described by
2-21 Section 403.014; and
2-22 (B) changes in school district property tax law
2-23 or Tax Code provisions enacted by the most recent legislature.
2-24 (b) The information compiled by the comptroller under this
2-25 section must cover the five-year period ending on the last day of
2-26 the most recent fiscal year ending before the date the information
3-1 is made available.
3-2 (c) The comptroller may request from any appropriate entity
3-3 or agency information necessary to compile the information
3-4 described by this section. Each entity or agency shall cooperate
3-5 with the comptroller in providing information under this section.
3-6 The Legislative Budget Board shall provide to the comptroller the
3-7 information required by Subsection (a)(1).
3-8 SECTION 2. The information required to be compiled and made
3-9 available before the regular session of the 78th Legislature by
3-10 Section 403.030, Government Code, as added by this Act,
3-11 notwithstanding Subsection (b) of that section, must cover only the
3-12 three-year period ending on the last day of the most recent fiscal
3-13 year ending before the date the information is made available.
3-14 SECTION 3. This Act takes effect immediately if it receives
3-15 a vote of two-thirds of all the members elected to each house, as
3-16 provided by Section 39, Article III, Texas Constitution. If this
3-17 Act does not receive the vote necessary for immediate effect, this
3-18 Act takes effect September 1, 2001.
_______________________________ _______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 275 passed the Senate on
April 26, 2001, by the following vote: Yeas 30, Nays 0, one
present, not voting.
_______________________________
Secretary of the Senate
I hereby certify that S.B. No. 275 passed the House on
May 17, 2001, by the following vote: Yeas 140, Nays 0, two
present, not voting.
_______________________________
Chief Clerk of the House
Approved:
_______________________________
Date
_______________________________
Governor