TITLE: Relating to information included in the report of the Texas Economic Development Bank regarding the enterprise zone program.

SUMMARY: Relating to information included in the report of the Texas Economic Development Bank regarding the enterprise zone program.

FULL TEXT:
AN ACT relating to information included in the report of the Texas Economic Development Bank regarding the enterprise zone program. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 2303.052, Government Code, is amended to read as follows: Sec. 2303.052. BANK REPORT REGARDING PROGRAM. The bank must include the following information regarding the enterprise zone program in the report required by Section 489.107: (1) an evaluation of the effectiveness of the program; (2) a description of the use of state and local incentives under this chapter and their effect on revenue; (3) an analysis of the performance of each individual enterprise project, compiled from information obtained under Sections 2303.205 and 2303.504(c); and (4) [(3)] suggestions for legislation with regard to the program. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.