84R3551 MK-D
By: Howard H.B. No. 914
A BILL TO BE ENTITLED
AN ACT
relating to the creation of a long-range revenue analysis
committee.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 403, Government Code, is
amended by adding Section 403.0306 to read as follows:
Sec. 403.0306. LONG-RANGE REVENUE ANALYSIS COMMITTEE. (a)
The long-range revenue analysis committee shall produce biannual
long-range financial projection and revenue reports to assist the
legislature in making budget decisions.
(b) The committee is composed of:
(1) one representative appointed by the chair of the
house appropriations committee;
(2) one representative appointed by the chair of the
senate finance committee;
(3) one representative appointed by the Legislative
Budget Board;
(4) one representative appointed by the governor; and
(5) one representative appointed by the comptroller.
(c) A representative appointed under Subsection (b) serves
at the pleasure of the appointing authority. The appropriate
appointing authority shall fill a vacancy in the committee by the
appointment of another person.
(d) The member of the committee appointed under Subsection
(b)(3) shall serve as the chair of the committee.
(e) The committee shall meet at least quarterly. The
committee may meet at other times at the call of the chair of the
committee.
(f) The committee is not subject to Chapter 2110.
(g) The committee may request assistance with gathering
data, performing analysis, developing financial forecasts and
official estimates, or any other relevant tasks from any
department, agency, institution, office, or political subdivision
of this state.
(h) Between September 1 and September 15 of each
even-numbered year, the committee shall issue a long-range revenue
analysis report that includes:
(1) revenue estimates and major state financial
projections for:
(A) the state fiscal year beginning on the 10th
anniversary of the date the current state fiscal year began; and
(B) the state fiscal year beginning on the 20th
anniversary of the date the current state fiscal year began; and
(2) recommended fiscal strategies for the state and
state agencies.
(i) In creating the report required by Subsection (h), the
committee shall use current official budget estimates and shall
seek input from the public, the executive branch, and the judicial
branch of the state. The committee must reach a consensus on any
revenue analysis and projections created for each report before the
analysis or projections may be included in the report.
SECTION 2. Not later than November 1, 2015, each appointing
authority specified by Section 403.0306(b), Government Code, as
added by this Act, shall make the authority's initial appointment
to the long-range revenue analysis committee.
SECTION 3. This Act takes effect September 1, 2015.