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A BILL TO BE ENTITLED
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AN ACT
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relating to the creation of a long-range revenue analysis |
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committee. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 403, Government Code, is |
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amended by adding Section 403.0306 to read as follows: |
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Sec. 403.0306. LONG-RANGE REVENUE ANALYSIS COMMITTEE. (a) |
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The long-range revenue analysis committee shall produce biannual |
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long-range financial projection and revenue reports to assist the |
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legislature in making budget decisions. |
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(b) The committee is composed of: |
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(1) one representative appointed by the chair of the |
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house appropriations committee; |
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(2) one representative appointed by the chair of the |
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senate finance committee; |
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(3) one representative appointed by the Legislative |
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Budget Board; |
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(4) one representative appointed by the governor; and |
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(5) one representative appointed by the comptroller. |
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(c) A representative appointed under Subsection (b) serves |
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at the pleasure of the appointing authority. The appropriate |
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appointing authority shall fill a vacancy in the committee by the |
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appointment of another person. |
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(d) The member of the committee appointed under Subsection |
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(b)(3) shall serve as the chair of the committee. |
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(e) The committee shall meet at least quarterly. The |
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committee may meet at other times at the call of the chair of the |
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committee. |
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(f) The committee is not subject to Chapter 2110. |
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(g) The committee may request assistance with gathering |
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data, performing analysis, developing financial forecasts and |
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official estimates, or any other relevant tasks from any |
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department, agency, institution, office, or political subdivision |
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of this state. |
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(h) Between September 1 and September 15 of each |
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even-numbered year, the committee shall issue a long-range revenue |
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analysis report that includes: |
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(1) revenue estimates and major state financial |
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projections for: |
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(A) the state fiscal year beginning on the 10th |
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anniversary of the date the current state fiscal year began; and |
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(B) the state fiscal year beginning on the 20th |
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anniversary of the date the current state fiscal year began; and |
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(2) recommended fiscal strategies for the state and |
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state agencies. |
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(i) In creating the report required by Subsection (h), the |
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committee shall use current official budget estimates and shall |
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seek input from the public, the executive branch, and the judicial |
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branch of the state. The committee must reach a consensus on any |
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revenue analysis and projections created for each report before the |
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analysis or projections may be included in the report. |
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SECTION 2. Not later than November 1, 2015, each appointing |
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authority specified by Section 403.0306(b), Government Code, as |
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added by this Act, shall make the authority's initial appointment |
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to the long-range revenue analysis committee. |
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SECTION 3. This Act takes effect September 1, 2015. |