LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 4, 2011 TO: Honorable Joseph Pickett, Chair, House Committee on Defense & Veterans' Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB447 by Menendez (Relating to the powers of a defense base development authority.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Local Government Code to authorize a defense base development authority to charge for the use, lease, or sale of an open space, and for services including professional consultation or real estate development; support or participation in acquisition of venture capital; and any other services provided by the authority that are related to a project. Local Government Impact According to the Texas Municipal League (TML), there would be no fiscal impact to municipalities to implement the provisions of the bill. Source Agencies: LBB Staff: JOB, KM, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 4, 2011
TO: Honorable Joseph Pickett, Chair, House Committee on Defense & Veterans' Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB447 by Menendez (Relating to the powers of a defense base development authority.), As Introduced
TO: Honorable Joseph Pickett, Chair, House Committee on Defense & Veterans' Affairs
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB447 by Menendez (Relating to the powers of a defense base development authority.), As Introduced
Honorable Joseph Pickett, Chair, House Committee on Defense & Veterans' Affairs
Honorable Joseph Pickett, Chair, House Committee on Defense & Veterans' Affairs
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB447 by Menendez (Relating to the powers of a defense base development authority.), As Introduced
HB447 by Menendez (Relating to the powers of a defense base development authority.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code to authorize a defense base development authority to charge for the use, lease, or sale of an open space, and for services including professional consultation or real estate development; support or participation in acquisition of venture capital; and any other services provided by the authority that are related to a project.
Local Government Impact
According to the Texas Municipal League (TML), there would be no fiscal impact to municipalities to implement the provisions of the bill.
Source Agencies:
LBB Staff: JOB, KM, TP
JOB, KM, TP