Sec. 398.005. COMPTROLLER CERTIFICATION OF ECONOMIC IMPACT STUDY  


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  • (a) Not later than the 30th day after receiving the economic impact study from a host community, the comptroller shall:

    (1) determine whether the study accurately estimates the amount of increase in the tax receipts to this state described by Section 398.004(b)(2); and

    (2) if the comptroller determines that the study accurately reflects the increase in those tax receipts, certify the study.

    (b) If the comptroller determines that the economic impact study submitted by the host community does not accurately estimate the amount of increase in the tax receipts to this state described by Section 398.004(b)(2), the comptroller not later than the 30th day after receiving the study shall:

    (1) submit a preliminary determination to the host community; and

    (2) provide the host community with an opportunity to respond or submit a new or amended economic impact study to the comptroller.

Added by Acts 2005, 79th Leg., Ch. 117 , Sec. 1, eff. September 1, 2005.