LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 22, 2025 TO: Honorable Terry M. Wilson, Chair, House Committee on Higher Education FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB5092 by Tepper (relating to the operation and dissolution of the Lubbock Reese Redevelopment Authority and to agreements between Texas Tech University and the authority.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill expands the powers and responsibilities of the Lubbock Reese Redevelopment Authority to include support for national security-related and critical infrastructure research in collaboration with Texas Tech University. It is assumed any costs for Texas Tech University in implementing the bill would be absorbed within existing resources. Local Government ImpactThere could be an impact to the Lubbock Reese Redevelopment Authority associated with the expanded powers and responsibilities that would be authorized by the bill. Source Agencies: b > td > 768 Texas Tech University System Administration LBB Staff: b > td > JMc, FV, BC, CWi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 22, 2025
TO: Honorable Terry M. Wilson, Chair, House Committee on Higher Education FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB5092 by Tepper (relating to the operation and dissolution of the Lubbock Reese Redevelopment Authority and to agreements between Texas Tech University and the authority.), Committee Report 1st House, Substituted
TO: Honorable Terry M. Wilson, Chair, House Committee on Higher Education
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB5092 by Tepper (relating to the operation and dissolution of the Lubbock Reese Redevelopment Authority and to agreements between Texas Tech University and the authority.), Committee Report 1st House, Substituted
Honorable Terry M. Wilson, Chair, House Committee on Higher Education
Honorable Terry M. Wilson, Chair, House Committee on Higher Education
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB5092 by Tepper (relating to the operation and dissolution of the Lubbock Reese Redevelopment Authority and to agreements between Texas Tech University and the authority.), Committee Report 1st House, Substituted
HB5092 by Tepper (relating to the operation and dissolution of the Lubbock Reese Redevelopment Authority and to agreements between Texas Tech University and the authority.), 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 expands the powers and responsibilities of the Lubbock Reese Redevelopment Authority to include support for national security-related and critical infrastructure research in collaboration with Texas Tech University. It is assumed any costs for Texas Tech University in implementing the bill would be absorbed within existing resources.
Local Government Impact
There could be an impact to the Lubbock Reese Redevelopment Authority associated with the expanded powers and responsibilities that would be authorized by the bill.
Source Agencies: b > td > 768 Texas Tech University System Administration
768 Texas Tech University System Administration
LBB Staff: b > td > JMc, FV, BC, CWi
JMc, FV, BC, CWi