LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 28, 2009 TO: Honorable Joe Straus, Speaker of the House, House of Representatives 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 Passed 2nd House 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, for the relocation of small businesses from outside the state, or for individual projects that create 100 or fewer additional jobs. 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 28, 2009
TO: Honorable Joe Straus, Speaker of the House, House of Representatives 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 Passed 2nd House
TO: Honorable Joe Straus, Speaker of the House, House of Representatives
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 Passed 2nd House
Honorable Joe Straus, Speaker of the House, House of Representatives
Honorable Joe Straus, Speaker of the House, House of Representatives
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 Passed 2nd House
HB394 by Rose (Relating to use of the money from the Texas Enterprise Fund to benefit small businesses. ), As Passed 2nd House
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, for the relocation of small businesses from outside the state, or for individual projects that create 100 or fewer additional jobs. 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, for the relocation of small businesses from outside the state, or for individual projects that create 100 or fewer additional jobs. 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