LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 5, 2009 TO: Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB2052 by Estes (Relating to projects that may be undertaken by development corporations for the development, retention, or expansion of certain transportation facilities.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Sections 501.101 and 505.1561 of the Local Government Code to broaden the categories of transportation facilites eligible for funding by Type A and Type B economic development corporations. The bill would authorize economic development corporations to fund railports, rail switching facilities, maintenance and repair facilities, cargo facilities and targeted infrastructure located on or adjacent to railport facilities, marine ports, and inland ports. The bill would take effect September 1, 2009. Local Government Impact Allowing other uses of existing funds would provide flexibility in what transportation projects are funded, but is not anticipated to have a significant fiscal impact. Source Agencies:301 Office of the Governor, 304 Comptroller of Public Accounts LBB Staff: JOB, KJG, DB, JRO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 5, 2009
TO: Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB2052 by Estes (Relating to projects that may be undertaken by development corporations for the development, retention, or expansion of certain transportation facilities.), As Introduced
TO: Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB2052 by Estes (Relating to projects that may be undertaken by development corporations for the development, retention, or expansion of certain transportation facilities.), As Introduced
Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security
Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB2052 by Estes (Relating to projects that may be undertaken by development corporations for the development, retention, or expansion of certain transportation facilities.), As Introduced
SB2052 by Estes (Relating to projects that may be undertaken by development corporations for the development, retention, or expansion of certain transportation facilities.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Sections 501.101 and 505.1561 of the Local Government Code to broaden the categories of transportation facilites eligible for funding by Type A and Type B economic development corporations. The bill would authorize economic development corporations to fund railports, rail switching facilities, maintenance and repair facilities, cargo facilities and targeted infrastructure located on or adjacent to railport facilities, marine ports, and inland ports. The bill would take effect September 1, 2009.
The bill would amend Sections 501.101 and 505.1561 of the Local Government Code to broaden the categories of transportation facilites eligible for funding by Type A and Type B economic development corporations. The bill would authorize economic development corporations to fund railports, rail switching facilities, maintenance and repair facilities, cargo facilities and targeted infrastructure located on or adjacent to railport facilities, marine ports, and inland ports.
The bill would take effect September 1, 2009.
Local Government Impact
Allowing other uses of existing funds would provide flexibility in what transportation projects are funded, but is not anticipated to have a significant fiscal impact.
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, KJG, DB, JRO
JOB, KJG, DB, JRO