LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 11, 1995



 TO:     Honorable Rene O. Oliveira, Chair      IN RE: Committee Substitute
         Committee on Economic Development      for
         House of Representatives                              House Bill
         Austin, Texas                          No. 788










FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
788 (relating to the authority of a municipality to create an
industrial development corporation and to levy a sales and use
tax to carry out the projects of the corporation) this office has
determined the following:

The bill would expand the definition of eligible city allow
certain municipalities to create an industrial development
corporation and to levy a sales and use tax to carry out the
projects of the corporation.

No significant fiscal implication to the State is anticipated.

The fiscal implication to the units of local government cannot be
determined because the number of cities that would become
eligible and subsequently create an industrial development
corporation with the authority to levy sales and use taxes cannot
be determined.
    

        





Source:   LBB Staff: JK, SM, RR