LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 15, 2011 TO: Honorable Leticia Van de Putte, Chair, Senate Committee on Veteran Affairs & Military Installations 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 Engrossed 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
April 15, 2011
TO: Honorable Leticia Van de Putte, Chair, Senate Committee on Veteran Affairs & Military Installations 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 Engrossed
TO: Honorable Leticia Van de Putte, Chair, Senate Committee on Veteran Affairs & Military Installations
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 Engrossed
Honorable Leticia Van de Putte, Chair, Senate Committee on Veteran Affairs & Military Installations
Honorable Leticia Van de Putte, Chair, Senate Committee on Veteran Affairs & Military Installations
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 Engrossed
HB447 by Menendez (Relating to the powers of a defense base development authority.), As Engrossed
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