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Texas Government Code - GOV'T § 481.080. Economic and Fiscal Impact Statement for Certain Grant Proposals

Current as of January 01, 2024 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 481.080. Economic and Fiscal Impact Statement for Certain Grant Proposals - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-481-080/

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