LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 29, 2009 TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB271 by Ortiz, Jr. (Relating to the designation of enterprise projects during a biennium.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would increase the maximum number of enterprise projects the Texas Economic Development Bank may designate for a nominating body of a municipality or county based on population. The proposed change in statute would not affect the amount of funds available in the Texas Economic Development Bank; therefore, there would be no fiscal implications to the state beyond additional administrative activities by the Office of the Governor in determining which projects to fund and in what amounts. Any costs associated with administrative activities could be absorbed within existing resources. Local Government Impact Revenue gain would vary by municipality or county selected to receive funding from the Texas Economic Development Bank for an enterprise project, depending on the project and the amount of funding the entity would receive for the project. Source Agencies:301 Office of the Governor, 304 Comptroller of Public Accounts LBB Staff: JOB, JRO, DB, BTA, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 29, 2009
TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB271 by Ortiz, Jr. (Relating to the designation of enterprise projects during a biennium.), As Engrossed
TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB271 by Ortiz, Jr. (Relating to the designation of enterprise projects during a biennium.), As Engrossed
Honorable Chris Harris, Chair, Senate Committee on Economic Development
Honorable Chris Harris, Chair, Senate Committee on Economic Development
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB271 by Ortiz, Jr. (Relating to the designation of enterprise projects during a biennium.), As Engrossed
HB271 by Ortiz, Jr. (Relating to the designation of enterprise projects during a biennium.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would increase the maximum number of enterprise projects the Texas Economic Development Bank may designate for a nominating body of a municipality or county based on population. The proposed change in statute would not affect the amount of funds available in the Texas Economic Development Bank; therefore, there would be no fiscal implications to the state beyond additional administrative activities by the Office of the Governor in determining which projects to fund and in what amounts. Any costs associated with administrative activities could be absorbed within existing resources.
The bill would increase the maximum number of enterprise projects the Texas Economic Development Bank may designate for a nominating body of a municipality or county based on population.
The proposed change in statute would not affect the amount of funds available in the Texas Economic Development Bank; therefore, there would be no fiscal implications to the state beyond additional administrative activities by the Office of the Governor in determining which projects to fund and in what amounts. Any costs associated with administrative activities could be absorbed within existing resources.
Local Government Impact
Revenue gain would vary by municipality or county selected to receive funding from the Texas Economic Development Bank for an enterprise project, depending on the project and the amount of funding the entity would receive for the project.
Source Agencies: 301 Office of the Governor, 304 Comptroller of Public Accounts
301 Office of the Governor, 304 Comptroller of Public Accounts
LBB Staff: JOB, JRO, DB, BTA, TP
JOB, JRO, DB, BTA, TP