LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 21, 2009 TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB394 by Rose (Relating to use of the money from the Texas Enterprise Fund to benefit small businesses.), As Engrossed No significant fiscal implication to the State is anticipated. The bill provides that the Governor consider making grants from the Texas Enterprise Fund to small businesses in Texas that commit to creating additional jobs, or for the relocation of small businesses from outside the state. There would be a cost to the fund depending on the number of grants made out of the fund. 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, MS, BTA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 21, 2009
TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB394 by Rose (Relating to use of the money from the Texas Enterprise Fund to benefit small businesses.), As Engrossed
TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB394 by Rose (Relating to use of the money from the Texas Enterprise Fund to benefit small businesses.), 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
HB394 by Rose (Relating to use of the money from the Texas Enterprise Fund to benefit small businesses.), As Engrossed
HB394 by Rose (Relating to use of the money from the Texas Enterprise Fund to benefit small businesses.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill provides that the Governor consider making grants from the Texas Enterprise Fund to small businesses in Texas that commit to creating additional jobs, or for the relocation of small businesses from outside the state. There would be a cost to the fund depending on the number of grants made out of the fund.
The bill provides that the Governor consider making grants from the Texas Enterprise Fund to small businesses in Texas that commit to creating additional jobs, or for the relocation of small businesses from outside the state. There would be a cost to the fund depending on the number of grants made out of the fund.
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, MS, BTA
JOB, JRO, MS, BTA