LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 14, 1997
         
         
      TO: Honorable Rene Oliveira, Chair            IN RE:  House Bill No. 3083
          Committee on Economic Development                              By: Coleman
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB3083 ( Relating 
to the Tax Increment Financing Act.) this office has detemined 
the following:
         
         Biennial Net Impact to General Revenue Funds by HB3083-As Introduced
         
No fiscal implication to the State is anticipated.
         

         
 
Similar annual fiscal implications The bill would allow an enterprise 
zone to be designated as a reinvestment zone under the Tax Increment 
Financing Act.  Current law does not provide the option for 
an enterprise zone to be designated as an reinvestment zone. 


The bill would also require a project plan for a reinvestment 
zone located in a county with a population of 2.1 million or 
more to specify the manner in which the portion of the tax increment 
dedicated to low-income housing is to be spent and to provide 
for an annual allocation for that portion.

The bill would 
take effect September 1, 1997.
          
No fiscal implication to units of local government is anticipated.
          
   Source:            Agencies:   304   Comptroller of Public Accounts
                                         
                      LBB Staff:   JK ,TH ,BR