The 87th Texas Legislature passed House Bill 2404, which went into effect Sept. 1, 2021, and requires the Texas Comptroller of Public Accounts to create and make accessible an online database for local governments to report their economic development agreements authorized by either Chapter 380 or Chapter 381 of the Local Government Code.
All local governments have been granted a blanket waiver for all filing deadlines in the statute prior to the reporting tool being available for submission. Any agreements that are active and in effect as of Jan. 1, 2022 must be reported by May 1, 2022. Any agreements entered into, amended or renewed after Jan. 1, 2022, must be reported in the database within 14 days of entering into, amending or renewing the agreement.
Local Government Code Title 12 Chapter 380
CHAPTER 380/381 ECONOMIC DEVELOPMENT AGREEMENTS ONLINE PUBLIC SEARCH REPORTING