LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 19, 2011 TO: Honorable Harold V. Dutton Jr., Chair, House Committee on Urban Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB741 by Vo (Relating to criteria for financing certain multifamily housing developments.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Government Code relating to criteria for financing certain multifamily housing developments. Based on information submitted by the Texas Department of Housing and Community Affairs, this analysis assumes that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:332 Department of Housing and Community Affairs LBB Staff: JOB, KKR, MW, NV LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 19, 2011 TO: Honorable Harold V. Dutton Jr., Chair, House Committee on Urban Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB741 by Vo (Relating to criteria for financing certain multifamily housing developments.), As Introduced TO: Honorable Harold V. Dutton Jr., Chair, House Committee on Urban Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE: HB741 by Vo (Relating to criteria for financing certain multifamily housing developments.), As Introduced Honorable Harold V. Dutton Jr., Chair, House Committee on Urban Affairs Honorable Harold V. Dutton Jr., Chair, House Committee on Urban Affairs John S O'Brien, Director, Legislative Budget Board John S O'Brien, Director, Legislative Budget Board HB741 by Vo (Relating to criteria for financing certain multifamily housing developments.), As Introduced HB741 by Vo (Relating to criteria for financing certain multifamily housing developments.), As Introduced No significant fiscal implication to the State is anticipated. No significant fiscal implication to the State is anticipated. The bill would amend the Government Code relating to criteria for financing certain multifamily housing developments. Based on information submitted by the Texas Department of Housing and Community Affairs, this analysis assumes that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. The bill would amend the Government Code relating to criteria for financing certain multifamily housing developments. Based on information submitted by the Texas Department of Housing and Community Affairs, this analysis assumes that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 332 Department of Housing and Community Affairs 332 Department of Housing and Community Affairs LBB Staff: JOB, KKR, MW, NV JOB, KKR, MW, NV