LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 10, 1997
         
         
      TO: Honorable Rene Oliveira, Chair            IN RE:  House Bill No. 2162, Committee Report 1st House, Substituted
          Committee on Economic Development                              By: Oliveira
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB2162 ( Relating 
to the administration and financing of certain industrial development 
corporations; providing an administrative penalty.) this office 
has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by HB2162-Committee Report 1st House, Substituted
         
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 the Development Corporation 
Act of 1979 (act) to provide additional flexibility to municipalities 
with industrial development corporations. The fiscal impact 
on the state and on local governments would vary depending on 
which cities and counties enacted taxes under the provisions 
of the bill.
         

         
 
Similar annual fiscal implications would continue as long as 
the provisions of the bill are in effect.
          
The fiscal impact on the state and on local governments would 
vary depending on which cities and counties enacted taxes under 
the provisions of the bill.

          
   Source:            Agencies:   304   Comptroller of Public Accounts
                                         465   Department of Commerce
                                         
                      LBB Staff:   JK ,TH ,BR