{"data":{"id":"us-tx/tex.-government-code-481.080","jurisdiction":"us-tx","citation":"Tex. Government Code § 481.080","heading":"ECONOMIC AND FISCAL IMPACT STATEMENT FOR CERTAIN GRANT PROPOSALS.","body":"(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.\n(b) The statement must include:\n(1) for the period covered by the grant:\n(A) the estimated number of jobs to be created in this state by the potential recipient each biennium; and\n(B) the estimated median wage of the jobs to be created in this state by the potential recipient each biennium;\n(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;\n(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\n(4) any other information the office considers necessary to include in the statement.\nAdded by Acts 2005, 79th Leg., Ch. 602 (H.B. 1938), Sec. 2, eff. September 1, 2005.","path":["GOVERNMENT CODE","TITLE 4. EXECUTIVE BRANCH","SUBTITLE F. COMMERCE AND INDUSTRIAL DEVELOPMENT","CHAPTER 481. TEXAS ECONOMIC DEVELOPMENT AND TOURISM OFFICE","SUBCHAPTER E. BUSINESS DEVELOPMENT--GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.481.htm#481.080","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"d5326fbf1670c53693da26487ed68c95e299578c4aee8edcee6af031a79cbe0e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-481.079","next":"us-tx/tex.-government-code-481.121"},"notice":"GroundRules: Original legal text. Not legal advice."}