LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session February 27, 1995 TO: Honorable David Counts, Chair IN RE: House Bill No. 1236 Committee on Natural Resources By: Hartnett House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 1236 (Relating to the authority of Dallas County Utility and Reclamation District to enter into tax abatement agreements, to designate reinvestment zones and to utilize all functions and procedures of the Property Redevelopment and Tax Abatement Act, Title 3, Ch. 312 of the Texas Tax Code; and validating prior elections and other actions and contracts.; Relating to the authority of Dallas County Utility and Reclamation District to enter into tax abatement agreements, to designate reinvestment zones and to utilize all functions and procedures of the Property Redevelopment and Tax Abatement Act, Title 3, Ch. 312 of the Texas Tax Code; and validating prior elections and other actions and contracts.) this office has determined the following: The bill would grant Dallas County Utility and Reclamation District the authority to enter into tax abatement agreements. The bill would enable the governing body of the District to designate an area within its boundaries as a reinvestment zone. The bill would confer upon the District and its governing body all the rights, powers and authorities granted to a municipality that are listed in the Tax Abatement Act. Under the current Education Code, there would be no fiscal implication to the state as a result of local tax abatement agreements granted by a district. The impact on local governments would depend on the actions of the local officials and cannot be determined. Source: Comptroller of Public Accounts, Natural Resources Conservation Commission LBB Staff: JK, BR, DF