(a) The comptroller shall prepare a biennial report concerning the results of the implementation of this chapter. The report must include:
- (1) the number of certified capital companies holding certified capital;
- (2) the amount of certified capital invested in each certified capital company;
- (3) the amount of certified capital the certified capital company invested in qualified businesses as of January 1, 2006, and the cumulative total for each subsequent year;
- (4) the total amount of tax credits granted under this chapter for each year that credits have been granted;
- (5) the performance of each certified capital company with respect to renewal and reporting requirements imposed under this chapter;
(6) with respect to the qualified businesses in which certified capital companies have invested:
- (A) the classification of the qualified businesses according to the industrial sector and size of the business;
- (B) the total number of jobs created by the investment and the average wages paid for the jobs; and
- (C) the total number of jobs retained as a result of the investment and the average wages paid for the jobs; and
- (7) the certified capital companies that have been decertified or that have failed to renew the certification and the reason for any decertification.
- (b) The comptroller shall file the report with the governor, the lieutenant governor, and the speaker of the house of representatives not later than December 15 of each even-numbered year.
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.