The Texas Comptroller’s Office on Wednesday launched a database for economic development deals awarded by local governments.
Gov. Greg Abbott (R) signed legislation (H.B. 2404) last year to increase transparency.
The online platform would allow the public to search for authorized economic development agreements under two programs of the Local Government Code. Chapter 380 authorizes municipalities to offer incentives to promote economic development, such as commercial and retail projects, while Chapter 381 allows counties to provide the same incentives.
Although the platform needs more data, it is “a welcome improvement to previously non-existent disclosure” of these programs, said ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.