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AN ACT
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relating to a reporting requirement regarding the Texas emerging |
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technology fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 490, Government Code, is |
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amended by adding Section 490.005 to read as follows: |
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Sec. 490.005. ANNUAL REPORT. (a) Not later than January 1 |
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of each year, the governor shall submit to the legislature and post |
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on the office of the governor's Internet website a report that |
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includes the following information regarding the fund for the |
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preceding three state fiscal years: |
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(1) the total number and amount of awards made; |
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(2) the number and amount of awards made under |
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Subchapters D, E, and F; |
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(3) the aggregate total of private sector investment, |
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federal government funding, and contributions from other sources |
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obtained in connection with awards made under each of the |
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subchapters listed in Subdivision (2); |
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(4) the name of each award recipient and the amount of |
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the award made to the recipient; and |
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(5) a brief description of the equity position that |
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the governor, on behalf of the state, may take in companies |
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receiving awards and the names of the companies in which the state |
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has taken an equity position. |
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(b) The annual report must also contain a brief description |
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regarding: |
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(1) the intended outcomes of projects funded under |
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Subchapter D during the preceding two state fiscal years; and |
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(2) the actual outcomes of all projects funded under |
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Subchapter D during the fund's existence, including any financial |
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impact on the state resulting from a liquidity event involving a |
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company whose project was funded under that subchapter. |
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(c) The report may not include information that is made |
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confidential by law. |
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SECTION 2. Not later than January 1, 2011, the governor |
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shall submit the initial report required by Section 490.005, |
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Government Code, as added by this Act. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2009. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 2531 was passed by the House on May 4, |
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2009, by the following vote: Yeas 142, Nays 0, 1 present, not |
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voting; that the House refused to concur in Senate amendments to |
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H.B. No. 2531 on May 28, 2009, and requested the appointment of a |
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conference committee to consider the differences between the two |
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houses; and that the House adopted the conference committee report |
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on H.B. No. 2531 on May 31, 2009, by the following vote: Yeas 142, |
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Nays 0, 1 present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 2531 was passed by the Senate, with |
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amendments, on May 22, 2009, by the following vote: Yeas 30, Nays |
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0; at the request of the House, the Senate appointed a conference |
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committee to consider the differences between the two houses; and |
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that the Senate adopted the conference committee report on H.B. No. |
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2531 on June 1, 2009, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: __________________ |
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Date |
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__________________ |
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Governor |