LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 16, 1997
         
         
      TO: Honorable David Counts, Chair            IN RE:  House Bill No. 3561
          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 Improvement 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-As Introduced
         

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 in 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