Bill Text: TX HB914 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the creation of a long-range revenue analysis committee.
Spectrum: Partisan Bill (Democrat 1-0)
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 |
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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. |