Bill Text: TX HB914 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the creation of a long-range revenue analysis committee.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2015-02-26 - Referred to Appropriations [HB914 Detail]
Download: Texas-2015-HB914-Introduced.html
| 84R3551 MK-D | ||
| By: Howard | H.B. No. 914 | |
|
|
||
|
|
||
| relating to the creation of a long-range revenue analysis | ||
| committee. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter B, Chapter 403, Government Code, is | ||
| amended by adding Section 403.0306 to read as follows: | ||
| Sec. 403.0306. LONG-RANGE REVENUE ANALYSIS COMMITTEE. (a) | ||
| The long-range revenue analysis committee shall produce biannual | ||
| long-range financial projection and revenue reports to assist the | ||
| legislature in making budget decisions. | ||
| (b) The committee is composed of: | ||
| (1) one representative appointed by the chair of the | ||
| house appropriations committee; | ||
| (2) one representative appointed by the chair of the | ||
| senate finance committee; | ||
| (3) one representative appointed by the Legislative | ||
| Budget Board; | ||
| (4) one representative appointed by the governor; and | ||
| (5) one representative appointed by the comptroller. | ||
| (c) A representative appointed under Subsection (b) serves | ||
| at the pleasure of the appointing authority. The appropriate | ||
| appointing authority shall fill a vacancy in the committee by the | ||
| appointment of another person. | ||
| (d) The member of the committee appointed under Subsection | ||
| (b)(3) shall serve as the chair of the committee. | ||
| (e) The committee shall meet at least quarterly. The | ||
| committee may meet at other times at the call of the chair of the | ||
| committee. | ||
| (f) The committee is not subject to Chapter 2110. | ||
| (g) The committee may request assistance with gathering | ||
| data, performing analysis, developing financial forecasts and | ||
| official estimates, or any other relevant tasks from any | ||
| department, agency, institution, office, or political subdivision | ||
| of this state. | ||
| (h) Between September 1 and September 15 of each | ||
| even-numbered year, the committee shall issue a long-range revenue | ||
| analysis report that includes: | ||
| (1) revenue estimates and major state financial | ||
| projections for: | ||
| (A) the state fiscal year beginning on the 10th | ||
| anniversary of the date the current state fiscal year began; and | ||
| (B) the state fiscal year beginning on the 20th | ||
| anniversary of the date the current state fiscal year began; and | ||
| (2) recommended fiscal strategies for the state and | ||
| state agencies. | ||
| (i) In creating the report required by Subsection (h), the | ||
| committee shall use current official budget estimates and shall | ||
| seek input from the public, the executive branch, and the judicial | ||
| branch of the state. The committee must reach a consensus on any | ||
| revenue analysis and projections created for each report before the | ||
| analysis or projections may be included in the report. | ||
| SECTION 2. Not later than November 1, 2015, each appointing | ||
| authority specified by Section 403.0306(b), Government Code, as | ||
| added by this Act, shall make the authority's initial appointment | ||
| to the long-range revenue analysis committee. | ||
| SECTION 3. This Act takes effect September 1, 2015. | ||
