Tex. Ins. Code § 228.053 · Subchapter B. ADMINISTRATION AND PROMOTION
REPORT TO LEGISLATURE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The comptroller shall prepare a biennial report concerning the results of the implementation of this chapter. The report must include:
(1) the number of certified capital companies holding certified capital;
(2) the amount of certified capital invested in each certified capital company;
(3) the amount of certified capital the certified capital company invested in qualified businesses as of January 1, 2006, and the cumulative total for each subsequent year;
(4) the total amount of tax credits granted under this chapter for each year that credits have been granted;
(5) the performance of each certified capital company with respect to renewal and reporting requirements imposed under this chapter;
(6) with respect to the qualified businesses in which certified capital companies have invested:
(A) the classification of the qualified businesses according to the industrial sector and size of the business;
(B) the total number of jobs created by the investment and the average wages paid for the jobs; and
(C) the total number of jobs retained as a result of the investment and the average wages paid for the jobs; and
(7) the certified capital companies that have been decertified or that have failed to renew the certification and the reason for any decertification.
(b) The comptroller shall file the report with the governor, the lieutenant governor, and the speaker of the house of representatives not later than December 15 of each even-numbered year.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.228.htm
- Text hash
- sha256 d003ae11b65b7b95aa8bcdec0ccb5ee9c62accd888607b71043ba1ea0c9feb7d
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 228.053. Each shows the citation as that text prints it.
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