LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 17, 2011 TO: Honorable Mike Jackson, Chair, Senate Committee on Economic Development FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB3797 by Gallego (Relating to the validation of the creation of, and certain acts related to, a venue project, and the dissolution of certain venue districts.), As Engrossed No fiscal implication to the State is anticipated. The bill would add Subchapter G to Chapter 335 of the Local Government Code to specify that the subchapter would apply only to a district wholly located in a county with a population of less than 15,000. The bill would authorize the governing body of each political subdivision that created a district to dissolve the district by adopting a concurrent order. The assets and liabilities of a dissolved district must be transferred to the county in which the district is located and after payment of district liabilities, the county would be required to use remaining district assets for an approved venue project of the county. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JOB, AG, KK, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 17, 2011
TO: Honorable Mike Jackson, Chair, Senate Committee on Economic Development FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB3797 by Gallego (Relating to the validation of the creation of, and certain acts related to, a venue project, and the dissolution of certain venue districts.), As Engrossed
TO: Honorable Mike Jackson, Chair, Senate Committee on Economic Development
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB3797 by Gallego (Relating to the validation of the creation of, and certain acts related to, a venue project, and the dissolution of certain venue districts.), As Engrossed
Honorable Mike Jackson, Chair, Senate Committee on Economic Development
Honorable Mike Jackson, Chair, Senate Committee on Economic Development
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB3797 by Gallego (Relating to the validation of the creation of, and certain acts related to, a venue project, and the dissolution of certain venue districts.), As Engrossed
HB3797 by Gallego (Relating to the validation of the creation of, and certain acts related to, a venue project, and the dissolution of certain venue districts.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would add Subchapter G to Chapter 335 of the Local Government Code to specify that the subchapter would apply only to a district wholly located in a county with a population of less than 15,000. The bill would authorize the governing body of each political subdivision that created a district to dissolve the district by adopting a concurrent order. The assets and liabilities of a dissolved district must be transferred to the county in which the district is located and after payment of district liabilities, the county would be required to use remaining district assets for an approved venue project of the county.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, AG, KK, TP
JOB, AG, KK, TP