LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 25, 1995 TO: Honorable Rodney Ellis, Chair IN RE: Senate BillNo. 1335 Committee on Intergovernmental By: Barrientos Relations Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on Senate Bill No. 1335 (relating to the waiver of, moratorium on, or alternate use of municipal impact fees) this office has determined the following: The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. The bill would amend Chapter 395 of the Local Government Code to allow municipalities to waive impact fees and would allow applicants for state or federal housing funds to claim the amount of impact fees waived as local matching funds. This provision could result in a loss of revenue to municipalities, but only for those municipalities that elect to grant the waiver. The bill would allow a county with a population of 500,000 or more to place a moratorium of up to one year on the collection of impact fees by a municipality in the county. This provision could result in a loss of revenue to municipalities, but the precise amount of revenue loss cannot be determined. The bill would allow municipalities to dedicate proceeds from impact fees to establish a program to provide funds for down payments for potential purchasers of single-family homes. This provision would provide municipalities the option to re-direct existing funds. No significant fiscal implication to the State is anticipated. The fiscal implication to units of local government cannot be determined. Source: Department of Housing and Community Affairs LBB Staff: JK, PVT, RR