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Relating to the administration of "pay for success" contracts for state agencies.
The fiscal implications of the bill cannot be determined at this time.
HB 982 would allow the Comptroller of Public Accounts to collect funds that were to be gifted, granted or donated to the Success Contracts Payment Trust Fund Account. Under current law, the legislature has to appropriate funds to this specific account. Funds that would be collected under these conditions would be required to follow certain guidelines from the Comptroller. The bill also states that the a contract relating to these funds would not be enforceable until the funds are received.
Texas Action remains neutral on HB 982 as it does not affect any of our liberty principles.