87R16657 KJE-F     By: Cain H.B. No. 3614       A BILL TO BE ENTITLED   AN ACT   relating to a biennial report on state lending and credit support   programs.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter D, Chapter 1231, Government Code, is   amended by adding Section 1231.064 to read as follows:          Sec. 1231.064.  BIENNIAL 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 this   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)  Not later than December 31 of each even-numbered year,   the board shall submit to the legislature and post on the board's   Internet website a report on all lending programs and credit   support programs in this 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 this state   shall provide to the board in the manner provided by board rule any   information necessary for the board to prepare the report required   by this section.          SECTION 2.  This Act takes effect September 1, 2021.