House Committee on Economic Development - 77th R.S. (2001)
Evaluate the attractiveness of Texas for business expansions and relocations, including consideration of the state's history of job creation. Determine which areas of the state have been more successful and which have been less successful, and whether additional programs or incentives are needed for some or all areas of the state. If new incentives are recommended, suggest funding sources.
Review the Development Corporation Act of 1979, including the 4A and 4B economic development tax. Conduct a thorough analysis of the historical use of this tax, and determine success and failure rates in promoting job creation and business development.
Actively monitor the status of the unemployment compensation trust fund. Study the mechanisms in current law designed to keep the fund balance in the desired range. Review practices in other states to assess whether the effectiveness and fairness of the system might be improved.
Actively monitor the agencies under the committee's oversight jurisdiction.
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