Sec. 334.022. STATE FISCAL IMPACT ANALYSIS. (a) Before calling an election on the resolution under Section 334.024, the municipality or county shall send a copy of the resolution to the comptroller.
(b) Before the 15th day after the date the comptroller receives the copy of the resolution, the comptroller shall:
(1) perform an analysis to determine if approval and implementation of the resolution will have a significant negative fiscal impact on state revenue; and
(2) provide to the municipality or county written notice of the results of the analysis.
(c) If the comptroller determines that implementation will have a significant negative fiscal impact on state revenue, the written analysis required under Subsection (b)(2) must include information on how to change the resolution so that implementation will not have a significant negative fiscal impact on state revenue.
(d) If the comptroller does not complete the analysis and provide the notice before the 30th day after the date the comptroller receives the copy of the resolution, the comptroller is considered to have determined that approval and implementation of the resolution will not have a significant negative fiscal impact on state revenue.
Added by Acts 1997, 75th Leg., ch. 551, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 10 - Parks and Other Recreational and Cultural Resources
Chapter 334 - Sports and Community Venues
Section 334.021. Resolution Authorizing Project
Section 334.022. State Fiscal Impact Analysis
Section 334.023. Appeal of Comptroller Determination
Section 334.0235. Transportation Authority Impact Analysis
Section 334.0236. Appeal of Authority Determination
Section 334.0241. Election on Use of Ad Valorem Taxes
Section 334.0242. Election on Use of Taxes to Improve or Maintain Venue Project