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  S.B. No. 1340
 
 
 
 
AN ACT
  relating to the local development agreement database maintained by
  the comptroller of public accounts.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 403.0246(a)(2), Government Code, is
  amended to read as follows:
               (2)  "Local development agreement" means:
                     (A)  an agreement entered into by a municipality
  under Section 380.001 or 380.002, Local Government Code;
                     (B)  an agreement entered into by a county under
  Section 381.004, Local Government Code; [or]
                     (C)  an agreement entered into by a local
  government under Chapter 312, Tax Code; or
                     (D)  any other agreement to grant or otherwise
  commit public money or other resources for economic development
  purposes by a local government under Chapter 380 or 381, Local
  Government Code.
         SECTION 2.  Section 403.0246, Government Code, is amended by
  amending Subsections (b) and (c) and adding Subsection (h) to read
  as follows:
         (b)  The comptroller shall create and make accessible on the
  Internet a consolidated searchable data tool [database], to be
  known as the Local Development [Chapter 380 and 381] Agreement
  Database, that contains information regarding all local
  development agreements in this state.
         (c)  For each local development agreement described by
  Subsection (b), the database must include:
               (1)  the name of the local government that entered into
  the agreement;
               (2)  a numerical code assigned to the local government
  by the comptroller;
               (3)  the address of the local government's
  administrative offices and public contact information;
               (4)  the name of the appropriate officer or other
  person representing the local government and that person's contact
  information;
               (5)  the name and contact information of any entity or
  the entity's agent that entered into the agreement with the local
  government, including the business address and any assumed names of
  the entity;
               (6)  the date on which the agreement went into effect
  and the date and terms on which the agreement expires;
               (7)  the focus or scope of the agreement;
               (8)  an electronic copy of the agreement; [and]
               (9)  the name and contact information of the individual
  reporting the information to the comptroller;
               (10)  the total monetary value of the agreement; and
               (11)  the source of the money used or type of tax
  implicated by the agreement, including a sales and use tax, ad
  valorem tax, or hotel occupancy tax.
         (h)  The comptroller may prescribe the form and manner in
  which a local government must submit information under Subsection
  (c).
         SECTION 3.  Subchapter A, Chapter 312, Tax Code, is amended
  by adding Section 312.008 to read as follows:
         Sec. 312.008.  INTERNET LINK TO AGREEMENT. A taxing unit
  that maintains an Internet website and that executes a tax
  abatement agreement under this chapter shall provide on the website
  a direct link to the location of the agreement information
  published on the comptroller's Internet website under Section
  403.0246, Government Code.
         SECTION 4.  The changes in law made by this Act apply only to
  an agreement entered into on or after the effective date of this
  Act. An agreement entered into before the effective date of this
  Act is governed by the law in effect on the date the agreement is
  entered into, and the former law is continued in effect for that
  purpose.
         SECTION 5.  This Act takes effect January 1, 2024.
 
 
 
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
         I hereby certify that S.B. No. 1340 passed the Senate on
  April 20, 2023, by the following vote:  Yeas 29, Nays 0.
 
 
  ______________________________
  Secretary of the Senate    
 
         I hereby certify that S.B. No. 1340 passed the House on
  May 18, 2023, by the following vote:  Yeas 147, Nays 0, one
  present not voting.
 
 
  ______________________________
  Chief Clerk of the House   
 
 
 
  Approved:
 
  ______________________________ 
              Date
 
 
  ______________________________ 
            Governor