LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session April 24, 1997 TO: Honorable David Counts, Chair IN RE: House Bill No. 3561, Committee Report 1st House, as amended Committee on Natural Resources By: Williams House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB3561 ( Relating to the Town Center Imprvoement District of Montgomery County, Texas; authorizing a tax and granting the authority to issue bonds.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB3561-Committee Report 1st House, as amended No fiscal implication to the State is anticipated. The Town Center Improvement District of Montgomery County could experience increased revenues, if the district were to impose a hotel occupancy tax of up to 7 percent, as the bill would authorize. The bill could increase costs to a municipality seeking to annex the Town Center Improvement District of Montgomery County, since such a municipality would be required to reimburse the district the amount of sales taxes the district would no longer collect after annexation until outstanding bonds backed by the district sales tax were retired. Source: Agencies: 582 Natural Resources Conservation Commission 304 Comptroller of Public Accounts LBB Staff: JK ,BB ,TL