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