LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 20, 2009 TO: Honorable Mark Strama, Chair, House Committee on Technology, Economic Development & Workforce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1277 by Button ( Relating to use of money from the Texas Enterprise Fund to retain businesses that are considering relocating outside this state.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the uses of the Texas Enterprise Fund to include incentives to retain businesses located in Texas that are considering relocating outside the state if the Texas unemployment rate is seven percent or more. The bill would be effective September 1, 2009 and the changes in law made by this bill would be effective September 1, 2011. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:301 Office of the Governor LBB Staff: JOB, JRO, BTA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 20, 2009
TO: Honorable Mark Strama, Chair, House Committee on Technology, Economic Development & Workforce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1277 by Button ( Relating to use of money from the Texas Enterprise Fund to retain businesses that are considering relocating outside this state.), Committee Report 1st House, Substituted
TO: Honorable Mark Strama, Chair, House Committee on Technology, Economic Development & Workforce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1277 by Button ( Relating to use of money from the Texas Enterprise Fund to retain businesses that are considering relocating outside this state.), Committee Report 1st House, Substituted
Honorable Mark Strama, Chair, House Committee on Technology, Economic Development & Workforce
Honorable Mark Strama, Chair, House Committee on Technology, Economic Development & Workforce
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB1277 by Button ( Relating to use of money from the Texas Enterprise Fund to retain businesses that are considering relocating outside this state.), Committee Report 1st House, Substituted
HB1277 by Button ( Relating to use of money from the Texas Enterprise Fund to retain businesses that are considering relocating outside this state.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the uses of the Texas Enterprise Fund to include incentives to retain businesses located in Texas that are considering relocating outside the state if the Texas unemployment rate is seven percent or more. The bill would be effective September 1, 2009 and the changes in law made by this bill would be effective September 1, 2011.
The bill would amend the uses of the Texas Enterprise Fund to include incentives to retain businesses located in Texas that are considering relocating outside the state if the Texas unemployment rate is seven percent or more. The bill would be effective September 1, 2009 and the changes in law made by this bill would be effective September 1, 2011.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 301 Office of the Governor
301 Office of the Governor
LBB Staff: JOB, JRO, BTA
JOB, JRO, BTA