LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 5, 2009 TO: Honorable Mark Strama, Chair, House Committee on Technology, Economic Development & Workforce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3281 by Chavez (Relating to eligibility for a grant of money from the Texas Enterprise Fund.), As Introduced No significant fiscal implication to the State is anticipated. The bill would prohibit an entity from receiving grants from the Texas Enterprise Fund if the United States Secretary of the Treasury has purchased troubled assets from the entity or if the entity has received funds under the Troubled Asset Relief Program. The bill would be effective immediately if it receives a vote of two-thirds or on September 1, 2009. 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 5, 2009
TO: Honorable Mark Strama, Chair, House Committee on Technology, Economic Development & Workforce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3281 by Chavez (Relating to eligibility for a grant of money from the Texas Enterprise Fund.), As Introduced
TO: Honorable Mark Strama, Chair, House Committee on Technology, Economic Development & Workforce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB3281 by Chavez (Relating to eligibility for a grant of money from the Texas Enterprise Fund.), As Introduced
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
HB3281 by Chavez (Relating to eligibility for a grant of money from the Texas Enterprise Fund.), As Introduced
HB3281 by Chavez (Relating to eligibility for a grant of money from the Texas Enterprise Fund.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would prohibit an entity from receiving grants from the Texas Enterprise Fund if the United States Secretary of the Treasury has purchased troubled assets from the entity or if the entity has received funds under the Troubled Asset Relief Program. The bill would be effective immediately if it receives a vote of two-thirds or on September 1, 2009.
The bill would prohibit an entity from receiving grants from the Texas Enterprise Fund if the United States Secretary of the Treasury has purchased troubled assets from the entity or if the entity has received funds under the Troubled Asset Relief Program. The bill would be effective immediately if it receives a vote of two-thirds or on September 1, 2009.
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