Part 1. COMPTROLLER OF PUBLIC ACCOUNTS
Chapter 1. CENTRAL ADMINISTRATION
Subchapter D. TEXAS FILM INDUSTRY LOAN GUARANTEE PROGRAM
(Editor's note: The text of the following sections proposed for repeal will not be published. The sections may be examined in the offices of the Comptroller of Public Accounts or in the Texas Register office, Room 245, James Earl Rudder Building, 1019 Brazos Street, Austin.)
The Comptroller of Public Accounts proposes the repeal of §§1.330 - 1.332, concerning general provisions; purposes, limitations, and lender loan requirements; and filing requirements and consideration of the loan guarantee application, for the administration of the Texas Film Industry Loan Guarantee Program. The existing §§1.330 - 1.332 are being repealed pursuant to the expiration of the statute under Sunset Provisions in Government Code, §403.335.
John Heleman, Chief Revenue Estimator, has determined that for the first five-year period the repeal will be in effect, there will be no significant revenue impact on the state or units of local government.
Mr. Heleman also has determined that the proposed repeals would benefit the public by removing obsolete references from the comptroller's rules relating to the Texas Film Industry Loan Guarantee Program. The proposed repeal would have no significant fiscal impart on small businesses. There is no significant anticipated economic cost to individuals who are required to comply with the proposed repeal.
Comments on the proposed repeals may be submitted to Don Hoyte, Manager, Regional Fiscal Analysis, LBJ State Office Building, 111 E. 17th Street, Austin, Texas 78774-0100.
These repeals are proposed under Government Code, Chapter 403, Subchapter N, §403.335, which authorizes the comptroller to abolish the program when the subchapter expires September 1, 2005.
The repeals implement Government Code, §403.335.
§1.330.General Provisions.
§1.331.Purposes, Limitations, and Lender Loan Requirements.
§1.332.Filing Requirements and Consideration of the Loan Guarantee Application.
This agency hereby certifies that the proposal has been reviewed by legal counsel and found to be within the agency's legal authority to adopt.
Filed with the Office of the Secretary of State on April 23, 2008.
TRD-200802134
Martin Cherry
General Counsel
Comptroller of Public Accounts
Earliest possible date of adoption: June 8, 2008
For further information, please call: (512) 475-0387