LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION April 15, 2013 TO: Honorable John Davis, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1935 by Schaefer (Relating to authorizing certain general infrastructure projects to be undertaken by economic development corporations.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Local Government Code to specify additional general infrastructure projects that Type A and Type B economic development corporations could undertake; and would authorize the use of sales and use tax revenue to fund the newly authorized infrastructure projects if a municipality holds an election and the proposition is approved by a majority of the registered voters in the election. The Office of the Attorney General (OAG) anticipates no additional workload as a result of the passage of the bill and no fiscal impact to the OAG. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:302 Office of the Attorney General LBB Staff: UP, RB, TP, JM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
April 15, 2013
TO: Honorable John Davis, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1935 by Schaefer (Relating to authorizing certain general infrastructure projects to be undertaken by economic development corporations.), Committee Report 1st House, Substituted
TO: Honorable John Davis, Chair, House Committee on Economic & Small Business Development
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1935 by Schaefer (Relating to authorizing certain general infrastructure projects to be undertaken by economic development corporations.), Committee Report 1st House, Substituted
Honorable John Davis, Chair, House Committee on Economic & Small Business Development
Honorable John Davis, Chair, House Committee on Economic & Small Business Development
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1935 by Schaefer (Relating to authorizing certain general infrastructure projects to be undertaken by economic development corporations.), Committee Report 1st House, Substituted
HB1935 by Schaefer (Relating to authorizing certain general infrastructure projects to be undertaken by economic development corporations.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Local Government Code to specify additional general infrastructure projects that Type A and Type B economic development corporations could undertake; and would authorize the use of sales and use tax revenue to fund the newly authorized infrastructure projects if a municipality holds an election and the proposition is approved by a majority of the registered voters in the election. The Office of the Attorney General (OAG) anticipates no additional workload as a result of the passage of the bill and no fiscal impact to the OAG.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 302 Office of the Attorney General
302 Office of the Attorney General
LBB Staff: UP, RB, TP, JM
UP, RB, TP, JM