Texas Statutes
Subchapter E. Business Development--General Provisions
Section 481.080. Economic and Fiscal Impact Statement for Certain Grant Proposals

Sec. 481.080. ECONOMIC AND FISCAL IMPACT STATEMENT FOR CERTAIN GRANT PROPOSALS. (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.
Added by Acts 2005, 79th Leg., Ch. 602 (H.B. 1938), Sec. 2, eff. September 1, 2005.

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