Texas Bond Review Board Strategic Plan: Fiscal Years 2013-2017 Page: 37
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Method of Calculation: The Issue Closing Date field is used to indicate the issue closing date,
thereby allowing a query by fiscal year. A query is made to this field for all local government issues.
The report is printed. Issuers with more than one issue listing are marked, counted, and subtracted
from the total count to determine the number (unduplicated) of local governments issuing debt.
Data Limitations: None
Calculation Type: Non-cumulative
New Measure: No
Desired Performance: Lower than target.
Goal 03
Ensure that the authorization to issue private activity bonds for Texas state and local entities is allocated
consistently with legislative mandates, in the most equitable manner possible and in the best interest of the people
of Texas.
Objective 01: Maximize the public use of tax-exempt private activity bond proceeds by issuing
100% of the state's available private activity bond allocation in a manner that is consistent with
federal regulations, the state's statute and the agency's guidelines. Ensure that volume cap is
distributed to the different project types in the percentages mandated by the State Legislature for any
given program year.
Strategy 0 1:Administer the Private Activity Bond Allocation Program efficiently and effectively to ensure the
total utilization of the state's annual private activity bond allocation according to federal regulations and compile
and analyze the results of each allocation in an annual report.
Output Measure 01: Number of Applications Reviewed
Short Definition: Total number of private activity bond applications reviewed during the period.
Purpose/Importance: This measure will allow the agency to assess the total project demand for
the Program. Tax-exempt private activity bonds provide issuers and private enterprises a means to
finance certain projects at a lower cost. Demand for this Program has grown exponentially
compared to the increases in volume cap.
Source/Collection of Data: This information is tracked in the Private Activity Bond [current
program year] Summary database by the Program Administrator. A review includes an in-depth
analysis of the scope, structure, and calculation components of a project submission, subject to rules
and regulation of the Private Activity Bond Allocation Program.37
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Texas Bond Review Board. Texas Bond Review Board Strategic Plan: Fiscal Years 2013-2017, book, July 2, 2012; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth531984/m1/40/?q=%22%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.