Texas 2013 - 83rd Regular

Texas House Bill HB468 Compare Versions

The same version is selected twice. Please select two different versions to compare.

Version 1 (Old)

Version 2 (New)

Old	New	Differences
1	1	83R682 CLG-D
2	2	By: J. Davis of Harris H.B. No. 468
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to reporting requirements and other information in
8	8	connection with an award under the Texas emerging technology fund.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. Section 490.005(b), Government Code, is amended
11	11	to read as follows:
12	12	(b) The annual report must also contain:
13	13	(1) the aggregate total number of jobs actually
14	14	created by all projects [each project] receiving funding under this
15	15	chapter;
16	16	(2) an analysis of the number of jobs actually created
17	17	by all projects [each project] receiving funding under this
18	18	chapter; and
19	19	(3) a brief description regarding:
20	20	(A) the methodology used to determine the
21	21	information provided under Subdivisions (1) and (2), which may be
22	22	developed in consultation with the comptroller's office;
23	23	(B) the intended outcomes of projects funded
24	24	under Subchapter D during each preceding state fiscal year; and
25	25	(C) the actual outcomes of all projects funded
26	26	under Subchapter D during each preceding state fiscal year,
27	27	including any financial impact on the state resulting from a
28	28	liquidity event involving a company whose project was funded under
29	29	that subchapter.
30	30	SECTION 2. Section 490.056, Government Code, is amended by
31	31	amending Subsection (c) and adding Subsection (c-1) to read as
32	32	follows:
33	33	(c) Each entity recommended by the committee for an award of
34	34	money under Subchapter D [from the fund as provided by this chapter]
35	35	shall obtain and provide the following information to the office of
36	36	the governor:
37	37	(1) a federal criminal history background check for
38	38	each principal of the entity;
39	39	(2) a state criminal history background check for each
40	40	principal of the entity;
41	41	(3) a credit check for each principal of the entity;
42	42	(4) a copy of a government-issued form of photo
43	43	identification for each principal of the entity; and
44	44	(5) information regarding whether the entity or a
45	45	principal of the entity has ever been subject to a sanction imposed
46	46	by the Securities and Exchange Commission for a violation of
47	47	applicable federal law.
48	48	(c-1) A criminal history background check provided for a
49	49	principal of an entity under Subsection (c) remains in effect for
50	50	five years, regardless of the number of applications for funding
51	51	under this chapter submitted by the entity during that period.
52	52	SECTION 3. Section 490.057(a), Government Code, is amended
53	53	to read as follows:
54	54	(a) Except as provided by Subsection (b), information
55	55	collected by the governor's office, the committee, or the
56	56	committee's advisory panels concerning the identity, background,
57	57	finance, marketing plans, trade secrets, or other commercially or
58	58	academically sensitive information of an individual or entity
59	59	applying for, being considered for, receiving, or having received
60	60	an award from the fund is confidential unless the individual or
61	61	entity consents to disclosure of the information.
62	62	SECTION 4. This Act takes effect September 1, 2013.