Jobs, Energy, Technology and Innovation Act (JETI)
Process and Timeline
The program is not authorized to accept applications until January 2024.
The applicant submits an application to the Comptroller of Public Accounts (CPA), which includes all necessary attachments and proof of a $30,000 application fee paid to the district.
No fee will be charged or due by/to CPA.
CPA determines the application to be administratively complete and contains all of the information necessary to make statutory determinations.
Sends notice of a complete application to the applicant and school district.
CPA has 60 days to recommend or not recommend an application.
The four factors listed below determine whether CPA recommends or does not recommend an application for approval by the Governor and school district.
Must be for an eligible activity.
Reasonably likely to generate in a 20-year period property taxes that are greater than or equal to the amount of tax revenue lost as a result of the agreement.
The agreement is a compelling factor in a competitive site selection process to locate the proposed project in Texas.
If applicable, determine if the project is in a qualified opportunity zone.
CPA sends written notice of the determination, the applications and supporting documentation for projects that are recommended and not recommended to the Governor’s office and the school district.
CPA will also set an amount for a performance bond that must be obtained by the applicant prior to agreement execution.
Governor’s office has 30 days from the date they received the recommendation notice from CPA to consider the application and determine whether the governor is agreeable to entering into an agreement that is the subject of the application.
Governor provides written notice to CPA, the school district, the oversight committee and the applicant within 7 days from the date the Governor determines they are agreeable to entering into the agreement.
The school district has 30 days from the date CPA recommends an application to consider the application and determine whether the school district is agreeable to entering into an agreement that is the subject of the application.
Hold a public hearing and provide notice not later than the 15th day before the date of the hearing.
The school district provides written notice of the district’s determination to CPA, the Governor and the applicant.
A favorable determination from both the Governor’s office and the school district is required to proceed with an agreement for a limitation on appraised value under Chapter 403, Government Code; otherwise, an agreement cannot be undertaken.
The applicant, school district and Governor execute the agreement.