Section 481.080 - Economic and Fiscal Impact Statement for Certain Grant Proposals(a) Before the governor awards a grant under Section 481.078 to an entity for a proposed initiative, the office shall prepare a statement that, specifically and in detail, assesses the direct economic impact that approval of the grant will have on the residents of this state.(b) The statement must include: (1) for the period covered by the grant: (A) the estimated number of jobs to be created in this state by the potential recipient each biennium; and(B) the estimated median wage of the jobs to be created in this state by the potential recipient each biennium;(2) the additional amount of ad valorem taxes, sales and use taxes, and fee revenues projected to be generated each year by governmental entities of this state;(3) the total amount of tax credits, local incentives, and other money or credits estimated to be distributed to the proposed grant recipient by governmental entities of this state; and(4) any other information the office considers necessary to include in the statement.Tex. Gov't. Code § 481.080
Added by Acts 2005, 79th Leg., Ch. 602, Sec. 2, eff. 9/1/2005.