Bill Text: TX SB702 | 2011-2012 | 82nd Legislature | Introduced

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Bill Title: Relating to the preparation of economic impact statements for legislative measures.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2011-02-23 - Referred to Finance [SB702 Detail]

Download: Texas-2011-SB702-Introduced.html

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82R1249 ACP-D
By: Watson S.B. No. 702

A BILL TO BE ENTITLED
AN ACT
relating to the preparation of economic impact statements for
legislative measures.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 315.004(a) and (b), Government Code,
are amended to read as follows:
(a) At the request of the lieutenant governor, the [or]
speaker of the house of representatives, or a member of the
legislature, a state agency shall prepare an economic impact
statement for any pending bill or joint resolution that directly
affects that agency. Preparation of the statement shall be
coordinated through the Legislative Budget Board director.
(b) The economic impact statement must include:
(1) a brief description of the nature and effect of the
proposal; [and]
(2) a statement of the manner and extent to which the
proposal, if implemented, will directly or indirectly during each
of the five [two] years following its effective date:
(A) affect employment in the state, including the
number of people affected, the geographic area or areas affected,
and the existing level of employment and unemployment in those
areas;
(B) affect the construction, modification,
alteration, or utilization of any structure, equipment, facility,
process, or other asset in the state, including the estimated
dollar measure of the action and the geographic area or areas
affected;
(C) result in changes in costs of goods and
services in the state;
(D) result in changes in revenue and expenditures
of state and local governments; and
(E) have economic impacts within the state other
than those specifically described by this subsection; and
(3) a general statement of the analysis described by
Subdivision (2) for the remainder of the 20-year period following
the proposal's effective date.
SECTION 2. This Act takes effect September 1, 2011.