Texas 2017 - 85th Regular

Texas House Bill HB2564 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	85R11538 CLG/SMH-D
2	2	By: Button H.B. No. 2564
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to a periodic review by the Economic Incentive Oversight
8	8	Board of projects undertaken by certain economic development
9	9	corporations and the ad valorem tax incentive program established
10	10	by the Texas Economic Development Act.
11	11	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
12	12	SECTION 1. Section 490G.001, Government Code, is amended by
13	13	amending Subdivisions (1) and (2-a) and adding Subdivisions (1-a),
14	14	(2-b), and (4) to read as follows:
15	15	(1) "Authorizing municipality" means the municipality
16	16	that authorizes the creation of a Type A or Type B corporation.
17	17	(1-a) "Board" means the Economic Incentive Oversight
18	18	Board.
19	19	(2-a) "Office" means the Texas Economic Development
20	20	and Tourism Office.
21	21	(2-b) "Rural county" means a county with a population
22	22	of less than 60,000.
23	23	(4) "Type A corporation" and "Type B corporation" have
24	24	the meanings assigned those terms by Section 501.002, Local
25	25	Government Code.
26	26	SECTION 2. Chapter 490G, Government Code, is amended by
27	27	adding Sections 490G.0055 and 490G.0056 to read as follows:
28	28	Sec. 490G.0055. REVIEW OF ECONOMIC DEVELOPMENT CORPORATION
29	29	PROJECTS; PERFORMANCE MATRIX. (a) The board shall examine the
30	30	effectiveness, efficiency, and financial impact on this state of
31	31	projects undertaken by Type A and Type B corporations under
32	32	Subtitle C1, Title 12, Local Government Code.
33	33	(b) The board shall develop a performance matrix that
34	34	clearly establishes the economic performance indicators, measures,
35	35	and metrics that will guide the board's evaluations of those
36	36	projects.
37	37	(c) A Type A or Type B corporation shall provide to the board
38	38	on request any agreement relating to a project undertaken by the
39	39	corporation and any other information concerning the project as
40	40	necessary to enable the board to perform the board's duties under
41	41	this chapter.
42	42	Sec. 490G.0056. REVIEW OF PROGRAM ESTABLISHED BY TEXAS
43	43	ECONOMIC DEVELOPMENT ACT; PERFORMANCE MATRIX. (a) The board shall
44	44	examine the effectiveness, efficiency, and financial impact on this
45	45	state of the ad valorem tax incentive program established by
46	46	Chapter 313, Tax Code, including whether that chapter is being
47	47	implemented by school districts and the comptroller in such a way as
48	48	to:
49	49	(1) accomplish the purposes of that chapter as
50	50	expressed in Section 313.003 of that chapter; and
51	51	(2) comply with the intent of the legislature in
52	52	enacting that chapter as expressed in Section 313.004 of that
53	53	chapter.
54	54	(b) The board shall develop a performance matrix that
55	55	clearly establishes the economic performance indicators, measures,
56	56	and metrics that will guide the board's evaluation of the program.
57	57	(c) The comptroller shall provide to the board on request
58	58	information concerning the program as necessary to enable the board
59	59	to perform the board's duties under this chapter.
60	60	SECTION 3. The heading to Section 490G.006, Government
61	61	Code, is amended to read as follows:
62	62	Sec. 490G.006. SCHEDULE OF REVIEW OF STATE INCENTIVE
63	63	PROGRAMS; RECOMMENDATION TO LEGISLATIVE AUDIT COMMITTEE.
64	64	SECTION 4. Chapter 490G, Government Code, is amended by
65	65	adding Sections 490G.0065 and 490G.0066 to read as follows:
66	66	Sec. 490G.0065. SCHEDULE OF REVIEW OF ECONOMIC DEVELOPMENT
67	67	CORPORATION PROJECTS. (a) The board shall develop a schedule for
68	68	the periodic review of each project or category of projects
69	69	described by Section 490G.0055 and identified by the board for the
70	70	purposes of making recommendations concerning project
71	71	effectiveness and efficiency to the office and reporting the
72	72	findings and recommendations resulting from the project review to
73	73	the legislature as required by Section 490G.007. The board shall
74	74	review and make findings and recommendations regarding each project
75	75	or category of projects as described by this section according to
76	76	the review schedule.
77	77	(b) The board, on request, shall provide to the governing
78	78	body of a Type A corporation's or Type B corporation's authorizing
79	79	municipality any recommendations submitted to the office under
80	80	Subsection (a) concerning a project or category of projects
81	81	undertaken by the corporation created by the municipality.
82	82	Sec. 490G.0066. SCHEDULE OF REVIEW OF PROGRAM ESTABLISHED
83	83	BY TEXAS ECONOMIC DEVELOPMENT ACT. (a) The board shall develop a
84	84	schedule for the periodic review of the ad valorem tax incentive
85	85	program established by Chapter 313, Tax Code, for the purpose of
86	86	making recommendations concerning the effectiveness and efficiency
87	87	of the program to the office and reporting the findings and
88	88	recommendations resulting from the review to the legislature as
89	89	required by Section 490G.007. The board shall review and make
90	90	findings and recommendations regarding the program according to the
91	91	review schedule.
92	92	(b) The board, on request, shall provide to the governing
93	93	body of a school district or the comptroller any recommendations
94	94	submitted to the office under Subsection (a) concerning the
95	95	program.
96	96	SECTION 5. Section 490G.007, Government Code, is amended to
97	97	read as follows:
98	98	Sec. 490G.007. BIENNIAL REPORT. Not later than January 1
99	99	of each odd-numbered year, the board shall submit to the lieutenant
100	100	governor, the speaker of the house of representatives, and each
101	101	standing committee of the senate and house of representatives with
102	102	primary jurisdiction over economic development a report containing
103	103	findings and recommendations resulting from each review of state
104	104	incentive programs and funds, of projects undertaken by Type A or
105	105	Type B corporations, and of the ad valorem tax incentive program
106	106	established by Chapter 313, Tax Code, that is conducted by the board
107	107	under this chapter during the preceding two calendar years.
108	108	SECTION 6. This Act takes effect September 1, 2017.