Bill Text: TX HB4278 | 2021-2022 | 87th Legislature | Introduced

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Bill Title: Relating to a study of the economic effects of alternative methods of financing government projects.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-03-29 - Referred to State Affairs [HB4278 Detail]

Download: Texas-2021-HB4278-Introduced.html

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87R9514 BRG-F
By: Thompson of Brazoria H.B. No. 4278

A BILL TO BE ENTITLED
AN ACT
relating to a study of the economic effects of alternative methods
of financing government projects.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. The comptroller of public accounts and the Texas
Facilities Commission jointly shall conduct a study on the economic
effects that may result from alternative government project
financing methods, including effects on the levels of:
(1) general revenue debt supported by state tax
revenue; and
(2) general revenue debt supported by tax revenues of
political subdivisions of this state.
SECTION 2. (a) The study described by Section 1 of this Act
must be based on representative projects identified for analysis in
a list that the center for alternative finance and procurement
provides to the comptroller of public accounts and the Texas
Facilities Commission not later than December 31, 2021.
(b) The list of representative projects must:
(1) consist of qualifying projects, as defined by
Section 2267.001, Government Code; and
(2) include at least five projects in each of the
following ranges of project valuation:
(A) less than $5 million;
(B) at least $5 million but less than $20
million;
(C) at least $20 million but less than $50
million;
(D) at least $50 million but less than $100
million;
(E) at least $100 million but less than $500
million;
(F) at least $500 million but less than $1
billion;
(G) at least $1 billion but less than $5 billion;
and
(H) $5 billion or more.
SECTION 3. Not later than September 1, 2022, the
comptroller of public accounts shall:
(1) report the results of the study conducted under
this Act to the governor, the lieutenant governor, and the speaker
of the house of representatives; and
(2) post the results of the study on the comptroller's
Internet website.
SECTION 4. This Act expires January 1, 2023.
SECTION 5. This Act takes effect September 1, 2021.