LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 26, 2017 TO: Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2744 by Hernandez ( Relating to the creation of the Channelview Improvement District; providing authority to issue bonds; providing authority to impose fees and taxes.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The bill would amend the Special District Local Laws Code establishing the Channelview Improvement District. The district would have authority to establish economic development programs. The district would have authority to issue bonds, impose fees, and have authority to impose a sales and use tax. The district would not have authority to exercise the power of eminent domain. The bill would take effect immediately if the bill receives a two-thirds vote in each house; otherwise, the bill would take effect September 1, 2017. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: UP, JGA, GG, BM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
April 26, 2017
TO: Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2744 by Hernandez ( Relating to the creation of the Channelview Improvement District; providing authority to issue bonds; providing authority to impose fees and taxes.), Committee Report 1st House, Substituted
TO: Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2744 by Hernandez ( Relating to the creation of the Channelview Improvement District; providing authority to issue bonds; providing authority to impose fees and taxes.), Committee Report 1st House, Substituted
Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts
Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2744 by Hernandez ( Relating to the creation of the Channelview Improvement District; providing authority to issue bonds; providing authority to impose fees and taxes.), Committee Report 1st House, Substituted
HB2744 by Hernandez ( Relating to the creation of the Channelview Improvement District; providing authority to issue bonds; providing authority to impose fees and taxes.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Special District Local Laws Code establishing the Channelview Improvement District. The district would have authority to establish economic development programs. The district would have authority to issue bonds, impose fees, and have authority to impose a sales and use tax. The district would not have authority to exercise the power of eminent domain. The bill would take effect immediately if the bill receives a two-thirds vote in each house; otherwise, the bill would take effect September 1, 2017.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: UP, JGA, GG, BM
UP, JGA, GG, BM