LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 3, 2023 TO: Honorable J. M. Lozano, Chair, House Committee on Urban Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1704 by Walle (relating to the establishment of the workforce housing capital investment fund program to fund the development of workforce housing in this state; authorizing a fee.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. Based on the analysis of the Texas Department of Housing and Community Affairs and the Comptroller of Public Accounts, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.Note: This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either in, with, or outside the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 332 Department of Housing and Community Affairs LBB Staff: b > td > JMc, AF, SLee, GDZ
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 3, 2023
TO: Honorable J. M. Lozano, Chair, House Committee on Urban Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1704 by Walle (relating to the establishment of the workforce housing capital investment fund program to fund the development of workforce housing in this state; authorizing a fee.), Committee Report 1st House, Substituted
TO: Honorable J. M. Lozano, Chair, House Committee on Urban Affairs
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1704 by Walle (relating to the establishment of the workforce housing capital investment fund program to fund the development of workforce housing in this state; authorizing a fee.), Committee Report 1st House, Substituted
Honorable J. M. Lozano, Chair, House Committee on Urban Affairs
Honorable J. M. Lozano, Chair, House Committee on Urban Affairs
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1704 by Walle (relating to the establishment of the workforce housing capital investment fund program to fund the development of workforce housing in this state; authorizing a fee.), Committee Report 1st House, Substituted
HB1704 by Walle (relating to the establishment of the workforce housing capital investment fund program to fund the development of workforce housing in this state; authorizing a fee.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
Based on the analysis of the Texas Department of Housing and Community Affairs and the Comptroller of Public Accounts, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.Note: This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either in, with, or outside the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 332 Department of Housing and Community Affairs
304 Comptroller of Public Accounts, 332 Department of Housing and Community Affairs
LBB Staff: b > td > JMc, AF, SLee, GDZ
JMc, AF, SLee, GDZ