Tex. Gov't Code § 481.080 · Subchapter E. BUSINESS DEVELOPMENT--GENERAL PROVISIONS
ECONOMIC AND FISCAL IMPACT STATEMENT FOR CERTAIN GRANT PROPOSALS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Before the governor awards a grant under Section 481.078 to an entity for a proposed initiative, the office shall prepare a statement that, specifically and in detail, assesses the direct economic impact that approval of the grant will have on the residents of this state.
(b) The statement must include:
(1) for the period covered by the grant:
(A) the estimated number of jobs to be created in this state by the potential recipient each biennium; and
(B) the estimated median wage of the jobs to be created in this state by the potential recipient each biennium;
(2) the additional amount of ad valorem taxes, sales and use taxes, and fee revenues projected to be generated each year by governmental entities of this state;
(3) the total amount of tax credits, local incentives, and other money or credits estimated to be distributed to the proposed grant recipient by governmental entities of this state; and
(4) any other information the office considers necessary to include in the statement.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 602 (H.B. 1938), Sec. 2, eff. September 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.481.htm
- Text hash
- sha256 4ba80876183d198a2ebec3b511eb76756f2228e0fea02b72d3c52310ed30e71d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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