LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 2, 2009 TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB894 by Nelson (Relating to municipal investment of public funds received from the management and development of mineral rights.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Chapter 2256, Government Code, to require a municipality to segregate and account separately from other funds municipal funds invested from the management and development of mineral rights. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JOB, DB
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 2, 2009
TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB894 by Nelson (Relating to municipal investment of public funds received from the management and development of mineral rights.), As Introduced
TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB894 by Nelson (Relating to municipal investment of public funds received from the management and development of mineral rights.), As Introduced
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB894 by Nelson (Relating to municipal investment of public funds received from the management and development of mineral rights.), As Introduced
SB894 by Nelson (Relating to municipal investment of public funds received from the management and development of mineral rights.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 2256, Government Code, to require a municipality to segregate and account separately from other funds municipal funds invested from the management and development of mineral rights.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, DB
JOB, DB