Texas Administrative Code
Title 10 - COMMUNITY DEVELOPMENT
Part 5 - OFFICE OF THE GOVERNOR, ECONOMIC DEVELOPMENT AND TOURISM OFFICE
Chapter 176 - ENTERPRISE ZONE PROGRAM
Section 176.5 - Monitoring and Reporting Requirements
Universal Citation: 10 TX Admin Code ยง 176.5
Current through Reg. 49, No. 12; March 22, 2024
(a) Annual reports and certifications.
(1)
Governing Body Annual Report. Each municipality or county that participates in
the program must submit an annual report to the Bank on or before October 1 of
each year. The report must be in a form prescribed by the Bank and contain the
information listed in the Act, §2303.205(c). If this report is not
received by October 1, the Bank may not designate any additional enterprise
projects in the governing body's jurisdiction until such report is
received.
(2) Comptroller Annual
Report. No later than October 1 of each year, the Comptroller shall report to
the Bank the statewide total of actual jobs created, actual jobs retained and
the tax refunds and credits made under this section during the previous fiscal
year as required by the Act.
(3)
Program Annual Report. The information in the governing body annual report, as
well as the Comptroller annual report will be used by the Bank to compile an
annual report on the program to the governor, legislature and the Legislative
Budget Board by January 1 as required by the Act.
(b) Other reports or documents.
(1) Governing Body Designated Project Status
Report. The nominating body shall submit a report to the Bank and Comptroller,
conducted at the completion of the enterprise project designation period
monitoring the qualified business to determine whether the business or project
has followed through on any commitments or goals made in the application for
enterprise project designation. This information may also be provided through
the Governing Body Annual Report.
(2) Qualified Business Benefit Request Status
Report. At the time of submittal of a request for a state tax benefit, the
qualified business must provide a certified report to the Comptroller of the
actual amount of capital investment, as well as the actual number of new and/or
retained jobs by category and title.
(3) Additional Information as requested. The
applicant shall furnish additional information, reports or statements as the
Bank from time to time may request in connection with the Act and this
chapter.
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