87R12085 KJE-F     By: Cain H.B. No. 3614       A BILL TO BE ENTITLED   AN ACT   relating to an annual report on state lending and credit support   programs.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter B, Chapter 403, Government Code, is   amended by adding Section 403.0146 to read as follows:          Sec. 403.0146.  REPORT ON STATE LENDING AND CREDIT SUPPORT   PROGRAMS. (a) In this section:                (1)  "Credit support program" means a program under   which the state guarantees or provides credit enhancements for the   debt of any public or private entity, including providing support   for interest or principal payments, in a manner that obligates the   state to pay any part of the principal or interest on that debt if   the entity defaults.                (2)  "Lending program" means a program through which   state money is loaned, or otherwise provided with the expectation   of repayment, to a public or private entity.          (b)  As soon as practicable after the end of each state   fiscal year, the comptroller shall submit to the legislature and   post on the comptroller's Internet website a report on all lending   programs and credit support programs in the state. The report must   include:                (1)  the total amount of state money lent through   lending programs;                (2)  the total amount of debt supported by credit   support programs; and                (3)  for each lending program or credit support   program:                      (A)  the total amount of state money lent through   or debt supported by the program, as applicable;                      (B)  a citation to the law authorizing the   program; and                      (C)  a reasonable estimate of the costs of default   associated with the program, computed in accordance with   private-sector accounting standards for credit or other losses.          (c)  A state agency or political subdivision of the state   shall provide to the comptroller in the manner provided by   comptroller rule any information necessary for the comptroller to   prepare the report required by this section.          SECTION 2.  This Act takes effect September 1, 2021.